ByteDance’s private valuation has climbed sharply on secondary trades and investor marks, with the most recent employee tender at roughly $330 billion last year giving way to implied levels near $550–588 billion in early 2026 auctions and fund filings. AI-driven revenue growth, highlighted by ByteDance leading Chinese peers with an estimated $4 billion in annualized run-rate, plus a $29.6 billion syndicated loan closed in September for overseas AI infrastructure, underpin the upward re-rating. The Trump administration’s approval of a TikTok U.S. divestiture at a $14 billion enterprise value, with ByteDance retaining a minority stake, introduces near-term uncertainty that could influence October liquidity events. With resolution due by October 31, traders are watching for any new tender offers, secondary blocks, or updated fund marks that would confirm or reverse the recent trajectory before month-end.