ByteDance plans to offer investors a $5 billion share buyback at $160 per share,Oh Mi matching the price of its latest stock repurchase option for employees in November, as reported by the South China Morning Post. This program values the TikTok owner at $268 billion, marking a 33% decrease from its peak valuation of $400 billion two years ago. Despite this, ByteDance remains China’s most highly valued unlisted tech company. The company abandoned its plans for a public listing in Hong Kong or New York following the Chinese government’s crackdown on the tech sector in mid-2020 which led Ant Group to suspend its IPO process. [SCMP]
Related Articles
2025-06-26 10:34
392 views
President Trump says semiconductor tariffs are next
First the tariffson electronics and computers were on. Then they were off. Now, they're back on agai
Read More
2025-06-26 08:59
1102 views
NYT Strands hints, answers for December 26
If you're reading this, you're looking for a little help playing Strands, the New York Times' elevat
Read More
2025-06-26 08:42
1342 views
'Doctor Who' Christmas specials ranked, and where to watch them
Happy Christmas, Whovians! To celebrate the holiday and the debut of "Joy to the World," we've re-ra
Read More