Oracle Joins ByteDance US JV As $3B Continuation Vehicle Valuates Firm at $370B
HSG’s $3bn ByteDance continuation fund, valuing ByteDance at $370bn, underscores growing non-US demand after US investors exited. ByteDance’s US joint venture with Oracle and other investors could boost Oracle’s cloud services revenue as TikTok parent expands US operations.
1. HSG closes $3 billion continuation vehicle
HSG, formerly Sequoia Capital China, raised $3 billion anchored by its ByteDance stake, valuing ByteDance at about $370 billion. The structure allowed US investors to exit while drawing new capital from Abu Dhabi’s Lunate, Singapore state funds and other Asian and Middle Eastern investors.
2. Oracle’s US joint venture with ByteDance
Earlier this year ByteDance formed a US joint venture backed by Oracle and other technology investors to manage TikTok operations domestically. Oracle is set to provide cloud infrastructure and data services under this venture as regulatory scrutiny on TikTok intensifies.
3. Implications for Oracle’s cloud revenue
Oracle’s inclusion in the JV positions its cloud segment for new revenue streams from ByteDance’s US operations. Continued expansion of TikTok’s domestic footprint could drive increased demand for Oracle’s infrastructure, software licenses and professional services.