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ByteDance, the parent company of TikTok, has reportedly reached a valuation of $300 billion, marking a significant shift in China's new tech guard from Alibaba to ByteDance. With sales exceeding $110 billion, ByteDance has surpassed Tencent. The CEO of Activision Blizzard has praised Tencent and ByteDance as the best companies in the world, highlighting their remarkable growth and influence in the tech industry.

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