TikTok owner ByteDance increases price of share buyback for employees

TikTok owner ByteDance increases price of share buyback for employees

FILE PHOTO: The logo of TikTok's parent company ByteDance is seen at its booth during an organised media tour to the Zhongguancun National Innovation Demonstration Zone Exhibition Center in Beijing, China February 10, 2022. REUTERS/Florence Lo

TikTok‘s Chinese owner ByteDance is initiating a second stock option buyback for employees this year at a higher price than the previous one to try and motivate staff amid slowing growth and uncertainty over a plan to go public, some employees said.