Tech sector rotation has kept the Bytedance stock price resilient; hedge funds increased positions in the last two months, citing strong user engagement metrics in emerging markets. If DeepSeek has a business model, it’s not clear what that model is, exactly. The company prices its products and services well below market value — and gives others away for free. It’s also not taking investor money , despite a ton of VC interest. Vance conceded that the purchasers will “ultimately” determine the amount paid. While expected buyers would likely welcome a low-ball valuation, ByteDance and its existing investors may find it amusing, if not insulting. Supply chain efficiency gains, reported internally, could improve margins, a factor that analysts say might be underpriced in the current Bytedance stock price assumptions.