ByteDance, the Chinese technology conglomerate behind TikTok, is preparing a new employee share buyback program set to value the company at more than $330 billion, according a Reuters.

This marks a 5.5% increase in valuation from the previous buyback six months ago, which valued ByteDance at about $315 billion.

The big picture: The planned buyback price will offer employees $200.41 per share, providing liquidity for staff amid the firm’s continued revenue growth and geopolitical uncertainties. • ByteDance’s second-quarter revenue rose approximately 25% year-on-year to around $48 billion, cementing its position as the world’s largest social media company by revenue. • The majority of ByteDance’s revenue still comes from the Chinese market, even as the firm faces mounting political pre

See Full Page