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.
Having joined the company last year, Larsson will succeed Emanuel Chirico, who has held the role of CEO since 2006. He will step into his new position at the head of the American conglomerate in February 2021.
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.
EBay beat Wall Street estimates for quarterly profit on Tuesday and raised its full-year outlook, as the company benefited from a surge in online shopping by people staying indoors due to coronavirus-driven lockdowns.