Tiger Global Management has acquired a stake in SoftBank-backed Bytedance, which is now valued at up to $100bn, over the past couple of years.

Bytedance, a China-based digital media group backed by telecommunications group SoftBank, has raised an undisclosed amount from investment firm Tiger Global Management over the past 21 months, the Financial Times reported on Monday.

Tiger Global revealed the news in a letter sent to investors this week that was seen by the FT, but has not declared the size of its investment or stake.

The firm began purchasing shares when Bytedance was valued at about $37bn, sources told the FT, buying from…

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Thierry Heles

Thierry Heles is editor-at-large of Global University Venturing and Global Corporate Venturing, and host of the Beyond the Breakthrough podcast.
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