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

2026-05-16 03:01:51

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.

Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.

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