TikTok parent company ByteDance Ltd. values ​​itself at about $300 billion, one of the highest valuations ever for the Chinese tech company, even as it fights to maintain the presence of its popular social media app in the U.S., the Wall Street Journal reported. Saturday.

The valuation stemmed from a recent buyback offer from ByteDance, the Journal said, citing unidentified people with knowledge of the matter. TikTok would be banned in the US under federal law unless ByteDance sells the app to an American owner in mid-January.