
Sector
Valuation method
International presence
Number of Monthly Active Users globally
Driven by the success of Douyin and TikTok, ByteDance has grown at a rapid pace in recent years. According to public sources, 2021 and Q1 2022 revenue reached USD 61.7 billion (up 80% year-over-year) and USD 18.3 billion (up 54% year-over-year) respectively. At the same time, the company’s revenue base has diversified away from its traditional stronghold in digital advertising to e-commerce, live streaming and other new initiatives. Although ByteDance continues to enjoy attractive prospects, it also faces the impact of global macroeconomic conditions which have slowed the recent growth of other internet players.
Today, ByteDance operates globally with a growing international presence while China remains its largest market. It also continues to navigate the complex regulatory landscape in major markets including the US and China.
Investment history
China | 2016
In 2016, Sofina took a minority stake in ByteDance through a special purpose vehicle (SC China Co-Investment 2016-A, L.P.) alongside other investors. It is also exposed to the asset through several partnerships at Sofina Private Funds level.