TikTok parent ByteDance valuation rises in US share buyback

TikTok parent ByteDance valuation rises in US share buyback

FILE PHOTO: The ByteDance logo is seen at the company's office in Shanghai, China July 4, 2023. REUTERS/Aly Song/File Photo

TikTok’s parent company ByteDance is offering to buy back shares at a higher valuation than six months ago as it launches a new share repurchase program for U.S. employees this week, two people familiar with the matter told Reuters on Tuesday.

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