Fred Blackford Builds a $500 Million ByteDance Stake

British investor Fred Blackford has built a stake worth over $500 million in ByteDance. He disclosed the move in an interview published on Thursday.

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A prominent technology investor from the United Kingdom has revealed a substantial investment in the parent company of the social media platform TikTok. Fred Blackford, the head of Future Positive Global, has built a stake valued at more than $500 million in ByteDance Ltd, according to a report published by the Financial Times on Thursday.

The logo of ByteDance is displayed on an office building located in Shanghai, China, as seen in a file photo taken in July 2023. REUTERS/Aly Song/File Photo
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