Bytedance said to be valued at over $75B in new round
>35-Year-Old Unknown<p>First of all, that's rude.<p>Second, if they have a $75b valuation and no profit plan, that's not likely a good sign. I doubt China's P2P and venture capital markets are related, but I'd bet they gave a high valuation just to grab headlines. Also, it'll eventually get censored like everything else in China, so 'doing better than Baidu' is probably temporary.