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HONG KONG — ByteDance, the Chinese technology firm behind TikTok, is preparing to launch a new employee share buyback program that will value the company at over $330 billion, according to sources familiar with the matter.
The buyback, expected to begin in the autumn, will offer current employees $200.41 per share—an increase of 5.5% from the $189.90 offered six months ago, when ByteDance was valued at approximately $315 billion.
The revised valuation reflects strong financial performance, with ByteDance’s second-quarter revenue rising 25% year-on-year to approximately $48 billion, surpassing Meta’s $42.3 billion in the same period. Most of the growth stems from its domestic market, despite ongoing political pressure to divest TikTok’s U.S. operations.
ByteDance’s biannual buybacks allow employees to liquidate shares in the absence of a public listing. Unlike other tech firms that rely on external capital, ByteDance funds these programs from its own balance sheet, signaling robust margins and financial flexibility.
The company remains under scrutiny in the United States, where lawmakers have raised national security concerns over TikTok’s Chinese ownership. A divestiture deadline has been extended to September 17, though further delays are possible.
ByteDance Office Picture by Toffedev
