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ByteDance Reportedly Plans New Share Buyback at $400 Billion Valuation, Up 20% From Last Year

Source: IT之家 Published: Business & Funding 中文 估值
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Bloomberg, citing The Information, reported on November 13 Beijing time that ByteDance told investors in a letter it plans a new $6 billion share buyback at $241.35 per share, implying an overall valuation of $400 billion — 20% higher than its previous buyback a year earlier. Sources said ByteDance also proposed delaying the deadline for an IPO or granting external shareholders the right to sell all their holdings by four years to December 11, 2030, and detailed a plan to offer employees in its AI division a total of 300 million shares tied to the value of the AI business.

Translation(model translation, not the source's own text)

Report: ByteDance Plans New Share Buyback at $400 Billion Valuation, Up 20% From a Year Ago

IT之家, November 13 — Bloomberg, citing The Information, reported today Beijing time that ByteDance said in a letter to investors that it plans a new $6 billion share buyback.

The buyback price is $241.35 per share, corresponding to an overall valuation of $400 billion (IT之家 note: roughly 2.67 trillion yuan at current exchange rates). That figure is 20% higher than the level at the previous buyback a year earlier.

People familiar with the matter said ByteDance also proposed pushing back the deadline for "going public or granting outside shareholders the right to sell all of their holdings" by four years, to December 11, 2030; the company also detailed in the document a plan to offer employees in its AI division a total of 300 million shares tied to the value of the AI business.

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The translation is machine-generated and individual terms may be off. Nothing is rewritten or cut; the original is authoritative.

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