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TikTok owner ByteDance sets valuation at over $330 billion as revenue grows: Reuters

ByteDance plans to launch a new employee buyback this autumn, valuing the company at more than $330 billion and offering current employees $200.41 per share, up 5.5 from six months ago.
ByteDance's revenue surge, up 25% year-on-year, pushed second-quarter revenue to about US$48 billion, mostly from the Chinese market, topping Meta's US$42.3 billion.
Its buyback program, run twice a year, lets employees sell holdings and reflects a stronger balance sheet while the parent company ByteDance is profitable despite TikTok's U.S. business losses.
The buyback could bolster morale among U.S.-based staff worried about TikTok's future, despite ByteDance's valuation remaining less than a fifth of Meta's $1,900,000,000,000 amid U.S. regulatory risks.
U.S. President Donald Trump last week extended the divestment deadline to September 17 and said U.S. buyers were lined up, with a U.S. joint venture expected to be owned by an American investor consortium including Susquehanna International Group, General Atlantic, KKR and Andreessen Horowitz.

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TikTok owner ByteDance sets valuation at over $330bn

ByteDance, the owner of short-video app TikTok, is set to launch a new employee share buyback that will value the Chinese technology giant at more than $330 billion, driven by continued revenue growth, said three people with knowledge of the matter.

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