TikTok owner set to launch share buyback valuing company at $330bn

ByteDance plans to offer employees $200.41 per share, up 5.5% from $189.9 six months ago, as revenue grows

ByteDance, the owner of the short-video app TikTok, is set to launch a new employee share buyback that will value the Chinese technology giant at more than $330bn, driven by continued revenue growth, said three people with knowledge of the matter.

The company plans to offer current employees $200.41 per share in the repurchase program, the people said, up 5.5% from $189.90 each it offered them about six months ago which valued ByteDance at roughly $315bn.