ByteDance plans $6 billion share buyback at $400 billion valuation

Nov 13, 2026 00:47 (2h ago)

ByteDance plans to repurchase up to $6 billion of stock from existing investors.
The proposed buyback values ByteDance at roughly $400 billion, 20% above last year’s level.
ByteDance sold 80% of TikTok’s U.S. data-security operation to an American-owned joint venture in January.

ByteDance, the Chinese owner of TikTok, plans to buy back up to $6 billion in shares from existing investors at a valuation of about $400 billion, according to a shareholder letter and a person familiar with the matter cited by The Information. That valuation is 20% above the level used in the company’s previous buyback a year ago. The increase follows a January deal with the Trump administration intended to prevent a U.S. ban on TikTok, under which ByteDance sold an 80% stake in the app’s U.S. data-security operation to an American-owned joint venture while retaining its revenue-generating operations.