140亿“风投女王”，豪掷3亿美元弥补遗憾

Core Insights - Today's Capital, led by "Venture Queen" Xu Xin, has acquired shares of ByteDance for $300 million, addressing a previous missed investment opportunity [1][2] - The acquisition has raised ByteDance's valuation to $480 billion, driven by strong business growth and innovations in AI technology [1][2][5] Investment Details - The shares were originally priced at $200 million, corresponding to a valuation of $360 billion for ByteDance [2] - The bidding process was competitive, with seven bidders involved, and Today's Capital ultimately outbid others to purchase shares from China International Capital Corporation (CICC), an early investor in ByteDance [2][3] Xu Xin's Investment Background - Xu Xin has a history of successful investments, including early stakes in companies like Wahaha, NetEase, JD.com, and Meituan, earning her the titles "Venture Queen" and "Female Buffett" [1][8][11] - Her previous encounter with ByteDance's founder Zhang Yiming involved a $7 billion valuation, which she initially found too high [3][8] ByteDance's AI Strategy - ByteDance is significantly investing in AI, with projected capital expenditures of $80 billion in 2024, aiming to become a core growth engine for the company [6][7] - The company plans to double its AI investment to $150-160 billion by 2025, focusing on AI computing power and data center infrastructure [7] Market Position - ByteDance's valuation now surpasses that of SpaceX, making it the second-highest valued startup globally, just behind OpenAI [5] - The company's cloud service, Volcano Engine, holds a 46.4% market share in China's public cloud model usage, outperforming major competitors [7]