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HSG Closes $3B ByteDance Continuation Vehicle at $370B Valuation

GateNews
Stocks

According to Bloomberg, HSG (formerly Sequoia Capital China) closed a $3 billion continuation vehicle centered on its ByteDance stake, valuing the Chinese tech company at approximately $370 billion. The fund was backed by Abu Dhabi investor Lunate and Singapore state funds. The valuation aligns with ByteDance’s employee share buyback last year but falls below a recent General Atlantic share sale that implied a roughly $575 billion valuation.

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