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ByteDance to buyback US employees’ shares at $312b valuation
ByteDance, the parent company of TikTok, is launching an employee stock buyback program valued at approximately US$312 billion.
The offer price for US staff is set at US$189.90 per share, an increase from US$181 in a previous buyback plan initiated six months ago.
This reflects growing investor confidence in ByteDance and Chinese tech stocks.
This initiative follows a previous buyback that valued ByteDance at US$300 billion, up from US$268 billion in 2023.
Recent ByteDance developments
| Timeline |
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23-Feb-2025 📈 ByteDance valued over $400b by major investors
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19-Feb-2025 🤖 ByteDance names ex-Google exec as AI research head
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13-Feb-2025 ⚖️ ByteDance ordered to pay $11.3m over code plagiarism
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10-Feb-2025 🎥 ByteDance releases open-source generative model VideoWorld
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06-Feb-2025 🤖 ByteDance unveils AI model OmniHuman-1 for lifelike videos
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