ByteDance delayed IPO plan, and OTC valuation exceeded $600 billion

The Board of Directors of ByteDance decided to postpone the IPO plan in early May 2026. Zhang Yiming, the founder, believes that there is still room for the valuation to rise. At present, the transaction valuation of ByteDance off the market gray market has exceeded 600 billion dollars. A senior technology investment banker at Bank of America Group stated that the company's market value is expected to approach $1 trillion. At the beginning of 2026, Oracle Corporation reached an agreement with a consortium of investors to acquire 80% of the equity of TikTok's US entity. The Doubao APP is adding a paid level on top of its free service.