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ByteDance Said to Be Worth $250 Billion

Mar.29 -- Shares of ByteDance Ltd., the Chinese parent of hit video app TikTok, are trading at a valuation of more than $250 billion in the secondary market, according to people familiar with the matter. The Beijing-based company’s value has surged in recent weeks as investors gain confidence in the business. Bloomberg’s Peter Elstrom reports on “Bloomberg Markets: China Open.”