TikTok owner ByteDance was valued at US$320 billion earlier this month, according to Chinese tech media platform 36Kr. Photo: Shutterstock
TikTok owner ByteDance starts new round of employee stock buy-backs, bonus-for-shares exchange at higher rates
- Privately-held ByteDance’s latest stock repurchase drive offers US$142 per share, up 7.5 per cent from US$132 per share during its October 2021 buy-back
- The firm has also started offering its top-performing employees the option to exchange their annual bonuses for its stock at US$142 per share
TikTok owner ByteDance was valued at US$320 billion earlier this month, according to Chinese tech media platform 36Kr. Photo: Shutterstock
