Reported 1 day ago
ByteDance Ltd. intends to buy back employee stock at approximately $312 billion, offering US staff around $189.90 per share, up from $181 six months ago. This reflects renewed investor confidence in Chinese tech sectors following a favorable public endorsement by President Xi. Despite geopolitical uncertainties, ByteDance's growth in AI and strong support from major investors has fueled this increased valuation.
Source: YAHOO