ByteDance Eyes a New $185 Billion Business Ahead of Mega IPO

TikTok owner aims to challenge Alibaba in e-commerce arena
Zhang eyes global opportunity after ‘major breakthrough’

TikTok owner ByteDance is eyeing a $185 billion business in online shopping, testing the waters with Walmart and Shopify.@pingroma explores how @BytedanceTalk plans to challenge China’s e-commerce giant, Alibaba(Source: Quicktake)

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By Coco Liu and Zheping Huang

May 8, 2021 at 8:00 PM EDT

Updated on

May 9, 2021 at 8:29 PM EDT

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Zhang Yiming built ByteDance Ltd. into the world’s most valuable private company via a string of blockbuster apps like TikTok that challenged Facebook and other incumbents on their own turf. His latest target: Alibaba.

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Before it’s here, it’s on the Bloomberg Terminal

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