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ByteDance to Buy Back US Staff Shares at Higher Valuation
The Straits Times
|March 06, 2025
ByteDance plans to buy back employee stock at a valuation of about US$312 billion (S$417 billion), a significant mark-up from previous levels that reflects a brightening outlook for Chinese tech shares.
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HONG KONG -
TikTok's owner is offering US staff about US$189.90 a share, according to a person familiar with the deal. That is up from about US$181 in a similar proposal from about six months ago, the person said, asking not to be identified.
Investors have marked up ByteDance in recent months despite a Washington edict forcing a sale or blockade of TikTok. They have piled into Chinese tech stocks in 2025, after DeepSeek's explosive global debut forced a re-assessment of the country's tech sector.
Bu hikaye The Straits Times dergisinin March 06, 2025 baskısından alınmıştır.
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