Social media giant ByteDance, owner of hit short video platforms TikTok and Douyin, has initiated a new round of share buy-backs for employees that price the equity nearly 6 per cent higher than in the previous round.
The latest repurchase programme, which is initially open to employees based in the United States, priced the vested restricted stock units (RSUs) at U$181 per share, up almost 6 per cent from US$171 during the round held in spring this year, according to a person familiar with the matter.
