Investor conviction in ByteDance's potential has climbed since Washington and Beijing this week reached a framework agreement on the long-contested future of TikTok in the U.S., several dealmakers told CNBC. Existing shareholders are not planning to sell in the wake of the TikTok deal, said LU Shihui, partner at Envision Capital which has facilitated investments in ByteDance, adding that the company's valuation had already been rising for the past few months. While certain deals have valued ByteDance at $300 billion to $350 billion, the latest figure is $400 billion, significantly higher than around $230 billion seen earlier this year, LU said. This is a signal that investors are holding on for more gains and not panic-selling as they did in February, she said in Mandarin, translated by CN

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