Value of PE-backed TikTok maker ByteDance approaches US$400 billion for new investors

The valuation of ByteDance is approaching US$400 billion for private-equity investors, as the Chinese owner of short video-sharing app TikTok cements its leading position among global tech unicorns. The new valuation of nearly US$400 billion, if confirmed, almost triples ByteDance’s US$140 billion valuation after its series C fundraising in March 2020, according to data from […]

Global investors value China’s Ant Group at over $200 billion

Some of Ant Group’s global investors have valued the Chinese fintech firm at over $200 billion based on its 2020 performance, said people with knowledge of the matter, offering a more sober estimate after the shelving of its IPO and forced restructuring. Warburg Pincus LLC valued Ant at slightly over $200 billion at year-end based […]

PE-backed payment giant Klarna has tripled its valuation to $31 billion

Klarna, the Swedish buy now, pay later behemoth and upstart bank, has raised $1 billion in new funding at a post-money valuation of $31 billion. That sees the company retain the crown as the highest-valued private fintech in Europe. The fintech has been backed by Sequoia Capital since 2010. More recent investors include Dragoneer Investment […]

Rihanna’s Savage X Fenty Reaches $1 Billion Valuation In Lingerie Equity

Fashion, culture and private equity have collided with Rihanna’s successful Savage x Fenty hitting another major milestone by raising its $115 million Series B funding round At a $1 billion valuation. Private equity firm L Catterton, in which LVMH has a stake in helped the brand secure this bag for its upcoming retail expansion, and […]