The fact that ByteDance is pulling $186B in revenue while basically operating with one hand tied behind its back is wild. Makes you wonder what the actual ceiling is if they ever get unfettered access to Western markets... or if the constraints are actually what's kept them lean and efficient.
ByteDances revenue growth is despite all the constraints that they have had to deal with. Hard to imagine those constraints have helped the company generate additional revenue or profits.
Hard to know but I’m guessing ByteDance’s valuation would likely be 2-3x higher if they were a U.S. publicly traded stock - what do you think?
I was guessing a valuation of 700-800 Billion if listed in China and 1.5 Trillion if US. That level of activity and user growth is completely mind boggling. 994% user growth is unheard of and the fact that they have so many apps used by so many is incredible. Thanks Joseph for this write up!
The fact that ByteDance is pulling $186B in revenue while basically operating with one hand tied behind its back is wild. Makes you wonder what the actual ceiling is if they ever get unfettered access to Western markets... or if the constraints are actually what's kept them lean and efficient.
Great point.
ByteDances revenue growth is despite all the constraints that they have had to deal with. Hard to imagine those constraints have helped the company generate additional revenue or profits.
Hard to know but I’m guessing ByteDance’s valuation would likely be 2-3x higher if they were a U.S. publicly traded stock - what do you think?
I was guessing a valuation of 700-800 Billion if listed in China and 1.5 Trillion if US. That level of activity and user growth is completely mind boggling. 994% user growth is unheard of and the fact that they have so many apps used by so many is incredible. Thanks Joseph for this write up!
I would agree with the Chinese valuation - I do think I would probably go a little lower on the U.S. valuation - perhaps 1.0-1.2.
Agreed on the impressive growth and thank you!
Yeah perhaps I’m too generous… then again we got an IPO pricing @ 90x revenue tomorrow 😂
之前半开玩笑的说过：中美的关系得好成什么样子，字节才可能在美国上市？
And? What was your answer?
很难 短期内看不到任何可能
之前有传闻是字节-媒体业务-汽车业务的懂车帝有计划拆分独立上市
但现在这个传闻也很久没有声音了
Excellent subtitle! Should have time to dive into this tomorrow.
Thanks so much Joe! Excited to hear your thoughts