ByteDance Plans Share Buyback at $400 Billion Valuation

According to TechFlow, on November 13, a shareholder letter seen by The Information and a person familiar with the matter revealed that ByteDance plans to repurchase up to $6 billion worth of shares from existing investors at a valuation of about $400 billion. This valuation is 20% higher than the company's previous buyback a year ago.

Source: TechFlow