The digital-first beauty brand announced on Wednesday that it has raised $80 million in a Series E funding round led by Lone Pine Capital, an injection of capital that brings the company’s valuation up to $1.8 billion.
A moment of restrained escapism at AMI, with founder designer Alexandre Mattiussi creating a collection for a world finally emerging from Covid tentatively. Nothing tentative, however, about the brand's explosive growth.
TikTok-owner ByteDance is in early talks to raise a new round of financing that will value it at $180 billion (138.14 billion pounds) after the investment, according to two people familiar with the matter.
U.S. President Donald Trump said he supported a deal in principle that would allow TikTok to continue to operate in the U.S., even as it looked to conflict with his prior order for ByteDance to divest the video app.