China $55 Billion Venture Capital & Private Equity Firm HongShan Capital Group (Previously Sequoia China) Raised $3 Billion Continuation Fund to Transfer Investments of Existing Investments into New Fund, Portfolio Company China TikTok Parent ByteDance at $500 Billion Valuation

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China $55 Billion Venture Capital & Private Equity Firm HongShan Capital Group (Previously Sequoia China) Raised $3 Billion Continuation Fund to Transfer Investments of Existing Investments into New Fund, Portfolio Company China TikTok Parent ByteDance at $500 Billion Valuation

16th May 2026 | Hong Kong

China venture capital & private equity firm HongShan Capital Group (Previously Sequoia China) with $55 billion AUM has raised $3 billion continuation fund to transfer investments of existing investments into the new fund.  HongShan Capital Group portfolio company China TikTok parent ByteDance was reported at $500 billion valuation in 2025 December.  In 2026 January, HongShan Capital Group was launching a continuation fund to transfer investments of existing investments into the new fund, and reported to value China TikTok parent ByteDance at $370 billion valuation. In 2025 December, China TikTok parent ByteDance valuation was reported at $500 billion in secondary market, increasing from $480 billion valuation in 2025 November.  In 2025 December, China TikTok $480 billion parent ByteDance is expected to generate $50 billion profit for 2025 after generating $40 billion profit by 2025 September.  In 2025 December,  ByteDance signed a deal to form a $14 billion United States joint venture (TikTok USDS Joint Venture LLC), with ByteDance to own 19.9% & investor group to own 80.1%.  Investor Group 80.1% – Oracle, Silver Lake, Abu Dhabi MGX with 15% each for 45%, Other investors with 5%, and ByteDance existing investors with 30.1%.   In 2025 September, United States President Donald Trump approved a proposed $14 billion investor deal for a stake in China $330 billion ByteDance TikTok United States operations.  The key investors are Oracle, SilverLake & Abu Dhabi MGX Investment Fund with 45% stake in TikTok United States and an investor group will own 35%.  The deal is subject to ByteDance & China government agreement.

“ China $55 Billion Venture Capital & Private Equity Firm HongShan Capital Group (Previously Sequoia China) Raised $3 Billion Continuation Fund to Transfer Investments of Existing Investments into New Fund, Portfolio Company China TikTok Parent ByteDance at $500 Billion Valuation “

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China $55 Billion Venture Capital & Private Equity Firm HongShan Capital Group (Previously Sequoia China) to Launch Continuation Fund to Transfer Investments of Existing Investments into New Fund, Reported to Value China TikTok Parent ByteDance at $370 Billion Valuation

13th January – China venture capital & private equity firm HongShan Capital Group (Previously Sequoia China) with $55 billion AUM is launching a continuation fund to transfer investments of existing investments into the new fund, and reported to value China TikTok parent ByteDance at $370 billion valuation.  In 2025 December, China TikTok parent ByteDance valuation was reported at $500 billion in secondary market, increasing from $480 billion valuation in 2025 November.  In 2025 December, China TikTok $480 billion parent ByteDance is expected to generate $50 billion profit for 2025 after generating $40 billion profit by 2025 September.  In 2025 December,  ByteDance signed a deal to form a $14 billion United States joint venture (TikTok USDS Joint Venture LLC), with ByteDance to own 19.9% & investor group to own 80.1%.  Investor Group 80.1% – Oracle, Silver Lake, Abu Dhabi MGX with 15% each for 45%, Other investors with 5%, and ByteDance existing investors with 30.1%.   In 2025 September, United States President Donald Trump approved a proposed $14 billion investor deal for a stake in China $330 billion ByteDance TikTok United States operations.  The key investors are Oracle, SilverLake & Abu Dhabi MGX Investment Fund with 45% stake in TikTok United States and an investor group will own 35%.  The deal is subject to ByteDance & China government agreement.  

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