Benzinga Pro includes charts, financials, screening, options mentoring, and a powerful calendar suite to get a trading edge. ByteDance had explored conducting an initial public offering (IPO) in Hong Kong, different sources have told Reuters. Invitations to the Dec. 1 meeting were sent just hours before, she added. How to Buy TikTok Stock? But as the company has grown, U.S. and Japanese investors have taken a bigger slice of the pie, with a few firms from Europe and South America sprinkled in. KKR & Co Inc is a public company that currently owns stock in ByteDance through a private funding round. TikTok is a privately-held company, owned by ByteDance. They reported that it offered $155 per unit, up from the $142 price set for the repurchase earlier this year. ByteDance says most of the affected staff found new roles internally. KKR is a leading global investment firm that offers alternative asset management and owns stock in ByteDance, who owns TikTok. Were here to help you improve your skills and insights on investing in stocks. You can however buy shares in the private equity companies that own stock in ByteDance. Our Stock Rover review reveals an excellent stock screening, research, and portfolio tool for long-term US value, income, and growth investors. KKR (Ticker: KKR) is floated on the NYSE stock exchange and is valued at $41 billion. Those who did not secure new roles within about three weeks had to leave the firm on Dec. 27, the two former employees said. A weekly curated reading list on China from David Barboza, Pulitzer Prize-winning former Shanghai correspondent for. The firm operates through four business lines: Private Markets, Public Markets, Capital Markets, and Principal Activities. Many people think ByteDance Ltd could become the decades hottest initial public offering (IPO). You will also know when the bear market is over, so you can start investing again. ByteDance dissolved its investment arm this month, CNBC reported on Jan. 19. KKR is a leading global investment firm that offers alternative asset management and owns stock in ByteDance. Over the past century, the US stock market has had 6 major crashes that have caused investors to lose trillions of dollars. The unlisted company was valued around $300 billion recently, or roughly $170 per share, in the private-equity secondary market, down from a peak of around $400 billion reached last year, sources have said. MOSES will alert you before the next crash happens, so you can protect your portfolio. One of the former staffers who spoke to CNBC questioned why the team was eliminated without discussion about how it could be restructured to fit into the company's plans. Exclusive Bonus Course The Stock Market Crash Detector Strategy The closest thing to a ByteDance IPO is the announcement that TikTok Global, a subsidiary of Bytedance, will be publicly-traded. Yiming Zhang, the creator of TikTok, Bytedance, and seven private equity companies, holds shares in the company: Coatue, General Atlantic, Hillhouse, KKR . How did it get there? U.S. Authorizes Airbus A321XLR Fire Risk Mitigation Conditions, BAT Expects E-cigarette And Oral Nicotine Push Sales to Rise 2-4% This Year, The Best List of Multibagger Stocks to Buy Now, ABB, A Swiss Engineering Company, Was Fined $4.3 Million, Renault CEO visits Geely-run Korea unit to recalibrate strategy, Toshiba shares rise on news of a possible $19 billion acquisition. 2022 CNBC LLC. Outperforms the NASDAQ 100, S&P500 & Russell 3000 There is no ByteDance stock available to purchase on any stock exchange globally. MOSES is a stock market index ETF investing system designed to help you beat the market's performance by avoiding major stock market crashes. The Beijing-based company is considering . The MOSES Index ETF Investing Strategy will help you avoid or minimize the impact of major stock market crashes. For this weeks Big Picture, we took a look at the investors that built ByteDance into the company that it is today. The authors & contributors are not registered financial advisors and do not give any personalized portfolio or stock advice. It offered $155 per unit, up from the $142 price set in the buyback earlier this year, two of the employees said. Our Tradingview review reveals excellent stock chart analysis, screening, backtesting, live trading, and a 200-million-user social network for US and international stock traders. SoftBank Group Corp is floated on every major stock exchange, so buying the stock is relatively simple. These partnerships help fund the business. Get 5 Exclusive Strategy & Research eBooks + Training + Stock Software Reviews Directly To Your Inbox. It is easy to see why these people want a ByteDance IPO. KKR's stock price increased by over 200% from January 2020 to 2022. 2009 is committed to honest, unbiased investing education to help you become an independent investor. We want to hear from you. The company said "most" transferred to new teams. Buying shares in SoftBank Group Corp means you will own a slice of ByteDance. Learn stock market investing with the complete online stock trading course by Barry D. Moore, a professionally certified financial markets analyst. All Rights Reserved. Xing Yun | Costfoto | Barcroft Media | Getty Images, Last August, ByteDance cut a large number of education-related positions in China. The higher price is aimed at motivating staff by helping them monetise their holdings, they said, declining to be named as the information was confidential. Another employee who was affected but managed to transfer to another internal HR role said the total number of people hit by the layoffs was "closer to 100 than to 10.". A look at Migu Video: the companys beginnings, its bid for sports streaming success, and its ties to state media outlet, CCTV. ByteDance "took a fresh look at our teams and our employees' needs and restructured this part of the business to be better integrated across the HR organization and other high growth areas," the spokesperson told CNBC, adding that "Talent Development is still very much a priority for us and for our employees.". You may invest in private equity firms that possess TikTok stock. There is also no official stock price. This system gives you an investing edge by identifying the 35 best growth stocks to buy now to help you beat the S&P500. The economic slowdown in China, which is mostly attributable to strict COVID-19 restrictions, and Beijings regulatory crackdown on the technology industry have reduced profitability and valuation prospects for many Chinese technology companies. Founded by Zhang Yiming, Liang Rubo and a team of others in 2012, ByteDance developed the video-sharing social networking services and apps TikTok and Chinese-specific counterpart Douyin. Our best open-source research on Chinese companies, as well as industry guides to 100 of the most influential people in a China-focused industry. Easy to use yet incredibly powerful, Stock Rover is the best stock screener available for US investors. ByteDance reportedly informed qualified workers via email that they can seek to pay out their Restricted Stock Units (RSUs), the companys stock option scheme. The 10-year-old company usually launches stock option buybacks twice a year for employees, separate sources have said. For this week's Big Picture, we took a look at the investors that built ByteDance into the company that it is today. Metastock has innovative backtesting and forecasting, and Refinitiv/Xenith provides powerful real-time news and screening. Beat the market with a 9-year proven strategy that finds financially healthy high-growth stocks with a track record of outperformance. ByteDance, the Owner of TikTok, Generates Billions in Revenue But Has No Stock Symbol or Stock Price. Fully Guided Videos, eBooks & Lifetime Email Support All Rights Reserved, This site is provided to you for informational purposes only and should not be construed as an offer to buy or sell a particular security or a solicitation of offers to buy or sell a particular security. Climate Catastrophe; Bad For Humans Good For These Auto Stocks, https://www.liberatedstocktrader.com/about, TradingView Our Review Winning Trading Platform, IKEA Stock: 3 Ways to Invest In Home Furnishings, Bose Stock: 3 Ways to Invest In Digital Audio Perfection, Sephora Stock: Who Owns Sephora & How To Buy Its Shares, Rockstar Games Stock: How To Invest In Rockstar & Gaming, Learn Stock Market Investing: Professional Training Course, Beat the Market: A Proven Growth Stock Strategy, Best Stock Apps & Software for Trading & Investing. The ByteDance building of Shanghai ByteDance on Dec. 8, 2020, in Shanghai, China. This MetaStock review and test reveal an excellent technical analysis charting platform for traders, with 300+ charts and indicators for stocks, ETFs, bonds & forex globally. My writer made a mistake, I have taken ownership of the article and corrected the issues. 3 Index ETF Strategies No, there is no ByteDance stock available to purchase on any stock exchange globally. ByteDance headquarters in Beijing. ByteDance operates 15 research and global centers worldwide. It manages investments across multiple asset classes, including private equity, energy, infrastructure, real estate, credit, and hedge funds. TikTok's parent company, ByteDance, is exploring options to address US regulators' worries, including a sale of its hit app, Bloomberg reported Tuesday. ByteDance Ltd. is a privately-held Chinese tech company. Meta Platforms (NASDAQ: META) is the parent company of Facebook and Instagram. 4. AnswerThePublic listens into autocomplete data from search engines like Google then quickly cranks out every useful phrase and question people are asking around bytedance on 02 Nov.. It's a goldmine of consumer insight you can use to create fresh, ultra-useful content, products and services. Liberated Stock Trader est. It operates through the following segments: SoftBank Vision Fund, SoftBank, Arm, Brightstar, and Others. ByteDance, a multinational company with approximately 10,000 workers, did not immediately respond to a request for comment. You cannot invest and trade in the firm directly. But earlier this year, Chief Financial Officer Julie Gao told employees at an internal meeting that the company had no timeline for an IPOaccording to people who attended the meeting. That said, there is a way you can invest in the company (without being a creator). Nobody wants to see their hard-earned money disappear in a stock market crash. (Reporting by Yingzhi Yang and Tony Munroe; Editing by Miyoung Kim, Muralikumar Anantharaman and Emelia Sithole-Matarise), Brazil economy ministry rejects Lula transition team's judgment on finances, Amgen emerges frontrunner in Horizon deal as Sanofi drops bid, Stock Markets Defining Moment Arrives With CPI, Fed Decision, Investor group launches campaign to help companies protect nature, Jamie Dimon Says Its Good Both Parties Wing Nuts Werent Elected. KKR & Co., Inc. provides investment and private equity asset management services. Invest in yourself! The author states that I cannot invest in any of the private equity firms that own ByteDance such as KKR and Softbank. BEIJING (Reuters) -TikTok owner ByteDance is launching a new stock option granting programme for its employees that according to two sources lowers its prices by 20% from the 2021 plan, as the Chinese company tries to retain talent amid slowing revenue growth. The algorithms were developed at ByteDance Ltd., TikTok's Chinese parent company and the most valuable startup in the world. Credit: Imaginechina via AP Images ByteDance became one of the world's most valuable, privately-owned companies arguably the most valuable in just eight years. Morgan Stanley turns bullish on China stocks, giving them serious upside potential, Deutsche upgrades Estee Lauder, says cosmetics stock will get a boost from China reopening in 2023, UBS reveals global stocks that will win or lose when China reopens. Thats funny since I own shares both. Ten years ago, as Steve Wynn expanded his gambling empire in Macau, his company made a $50 million payment to two mysterious businessmen, raising eyebrows on both sides of the Pacific. : Get the latest ByteDance stock price and detailed information including news, historical charts and realtime prices. Talent development efforts remain a "very active part of the organization," said the ByteDance employee who transferred to a new role internally. Save my name, email, and website in this browser for the next time I comment. Market Outperforming ETF Strategy Save my name, email, and website in this browser for the next time I comment. Chinese news media reported the layoffs in December. This Trade Ideas review uncovers an excellent stock scanner and Holly AI-powered signal generation platform offering 30 channels of trading ideas. According to separate sources, the 10-year-old company typically initiates stock option buybacks twice a year for staff. In episode two of Foundering: The TikTok Story, we look at how . ByteDance, the Chinese internet company that owns TikTok, eliminated a global team in its human resources department in December. This Benzinga Pro review reveals it is best for traders who want a high-speed actionable real-time news feed at 1/10th of the price of a Bloomberg terminal. It could not be determined immediately how much of the company is owned by employees or how much has been set aside for the buyback by ByteDance. Read Our Privacy & Cookie Policy ByteDance, the Chinese parent company of TikTok, reportedly more than doubled its revenue last year to a whopping $34.3 billion, according to a report. SEN. COTTON WARNS ON TIKTOK: 'THREAT' TO PRIVACY, SECURITY OF . What we do know is that ByteDance does not want an IPO as it wants to maintain complete control of TikTok. Earlier this year, though, chief financial officer Julie Gao reportedly informed staff at an internal meeting that the company had no deadline for an IPO. They said ByteDance told them in an email that those eligible can apply to cash out their Restricted Stock Units (RSUs), ByteDance's stock option programme. "All Talent Development employees were able to apply for different opportunities within the company, and most of the impacted employees have found new roles internally and have successfully transferred and integrated into new teams," a ByteDance spokesperson said. 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. Last August, ByteDance cut a large number of education-related positions in China after the government in Beijing introduced new rules limiting after-school tutoring. Previous lives include holding key executive roles in Silicon Valley corporations. Its earliest funding, for instance, came from the Chinese affiliate of an American firm, the Susquehanna International Group, alongside Chinese investors and Yuri Milner, the Israeli-Russian investor who once backed Facebook. What is known, however, is that it is owned and operated by a Chinese company named ByteDance, which also owns the news aggregation service Toutiao. TikTok shares are not traded on the stock market because ByteDance Limited, the company that owns TikTok, is privately owned. Your ultimate source about stock news, stock trading strategies, best stocks to invest & online stock trading platforms. The Chinese government has taken stakes in Chinese entities owned by tech companies ByteDance and Sina Weibo, corporate records showed, amid a widening regulatory crackdown on the industry. TikTok, the popular video-sharing app owned by China's ByteDance Ltd., revealed that certain staff outside of the US had access to data from US users, igniting fresh outrage from politicians who have expressed concern about the social network's data-sharing policies. BEIJING, Oct 12 (Reuters) - 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 . Separately, the nearly 1,000-word memo said that ByteDance values talent development as a concept, even if it was disbanding the team by that name. KKR (Ticker: KKR) is floated on the NYSE stock exchange and is . Contact Us LST Beat the Market Stock Picking Strategy The company also launched a share buyback last month that will see it spend up to $3 billion in repurchasing shares from its investors, which valued the company at up to $300 billion. "The fact that we truly value talent development is why we want to avoid wasting our teams' time and energy, and not mislead them into an 'illusion of growth.' 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 . ByteDance was founded in 2012 by entrepreneur Zhang Yiming . Easy to use yet incredibly powerful, TradingView is our winner. ByteDance does not have a stock price because it is not publicly traded. KKR ( Ticker: KKR) is floated on the NYSE stock exchange and is valued at $41 billion. M.O.S.E.S. 108 Videos + 3 Full eBooks + 5 Scripts for TradingView & Stock Rover . Answer a few questions to get your personal recommendation! Read Our Terms & Conditions You have entered an incorrect email address! 3 Alternative Ways To Profit From ByteDance. And it's not an easy task for a company to become publicly traded. Hi Richard, you are quite right, it is possible to buy shares in the open market of KKR, and Softbank. Get all our courses & strategies for 50% off, Liberated Stock Trader Pro Stock Investing & Trading Course The journalist talks about her new book; reporting on Russia, China and North Korea; and how past wars have become such a dominant presence in the politics of those countries. They base ByteDance in China, but its products are available in 150 markets worldwide. Aria oversees much of the personal-finance and investment-planning content published daily, and Aria's articles are based on more than 20 years of experience from all angles of the financial world. We use cookies to ensure that we give you the best experience on our website. At the start of 2022, the company decided to "strengthen the focus of the business, reduce investments with low connection (to the main business) and disperse employees from the strategic investment department to various lines of business," a spokesperson said in a Chinese-language statement translated by CNBC. "Some respondents mentioned that employees believed such initiatives to be 'personally helpful', but candidly speaking, these are more like 'feel good' initiatives that are self-indulging and 'doing things for the sake of doing things', where the actual value is limited and questionable," it added. According to two sources, ByteDance, the Chinese business that owns TikTok, is launching a second share buy for staff this year at a higher price to encourage them amid sluggish growth and uncertainties regarding a public offering. As mentioned, TikTok is a private company, so its shares do not trade on the stock market. Huawei Stock: Can You Buy Shares in This Technology Giant? 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How did it get there? The economic slowdown in China, much of which is due to stringent COVID-19 curbs, and Beijing's regulatory crackdown on the tech sector have crimped earnings as well as valuation prospects for many Chinese tech firms. While most people know about the founders of social media sites like Facebook and Twitter, very little is known about who founded TikTok. Katie Stallard on How Authoritarians Use History to Bolster Their Power. It's easy to get carried away in the false impression that employees are growing professionally when they are not, and this is unhealthy and even harmful to both the employees and the company," the note said. The internal memo that HR leaders received said the team's work had "limited practical value" and represented a "disconnect" from the company's needs. Last month, the corporation also initiated a share repurchase program in which it will spend up to $3 billion repurchasing shares from its investors, valuing the company at up to $300 billion. Under ByteDance's new proposal, Microsoft, which also owns professional social media network LinkedIn, will be in charge of protecting all of TikTok's U.S. user data, the sources said. There are ByteDance offices in 126 cities, including Beijing, Shanghai, Los Angeles, New York, London, Paris, Berlin, Dubai, Mumbai, Singapore, Jakarta, Seoul, and Tokyo. 3 Great Ways To Invest In Epic Games, Stripe Stock: 3 Ways to Profit From Stripe Payments, Riot Games Stock: How to Invest In 3 Top Games Companies. Douyin and TikTok are variations of ByteDances addictive video-sharing app. A daily roundup of China finance, business and economics headlines. You can think of the relationship between TikTok and ByteDance similar to Facebook, Instagram, and YouTube. If you continue to use this site we will assume that you are happy with it. Trendspider uses AI to do the hard work of plotting trendlines, recognizing patterns, and analyzing stocks for you. Read our Site Disclaimer. ByteDance Ltd. (Chinese: ; pinyin: Zji Tiodng) is a Chinese internet technology company headquartered in Beijing and incorporated in the Cayman Islands. Fresh university graduates were guaranteed transfers. ByteDances future stock price would be calculated during any future IPO, accounting for revenue, profitability, and future growth potential. Sign up for free newsletters and get more CNBC delivered to your inbox. The ByteDance products include Douyin, Toutiao; a content discovery platform; TikTok, Xigua Video, the Indian social media platform Helo, the Lark collaboration tool, and Babe, Indonesias leading content app. We publish China scoops you won't find anywhere else. ByteDance became one of the worlds most valuable, privately-owned companies arguably the most valuable in just eight years. Two former and one current ByteDance HR staff who spoke to CNBC requested anonymity for professional reasons. You can, however, buy shares in the private equity companies that own stock in ByteDance. According to sources, the unlisted business was recently valued at around $300 billion, or roughly $170 per share, on the private-equity secondary market, down from a peak of around $400 billion last year. During a town hall meeting that lasted around five minutes, members of ByteDance's Talent Development team were told their positions were being eliminated. There is no ByteDance stock symbol, although there has been speculation about a ByteDance IPO for years. We aim to provide you with the most cutting-edge information of stock market. We develop high-quality free & premium stock market training courses & have published multiple books. To invest in ByteDance, you can buy shares in KKR. SoftBank Group Corp operates as a holding company that engages in managing its group companies. We also thoroughly test and recommend the best investment research software. Exclusive longform investigative journalism, Q&As, news and analysis, and data on Chinese business elites and corporations. According to an internal ByteDance memo circulated among HR leaders the content of which was seen by CNBC the employees whose positions were eliminated were allowed to apply for other jobs within the company. We have partnerships with companies whose products we love. On the bright side, Softbank now represents serious value with a PE Ratio of only 3 and an EPS of $7.61, which is 30% of its stock price. Beats the DAX, CAC40 & EURO STOXX Indices Because China has tight regulations on who can invest in internet or technology firms, Zhang Yiming, the company's founder, controls most of the shares of the Chinese registered company, according to corporate records reviewed by The Wires data. After receiving the company's email, some ByteDance employees told Reuters that they were considering cashing out some or all of their holdings as they believe it's a good price to sell given the overall economic environment. ByteDance, the owner of TikTok, is not yet a publicly traded firm. Got a confidential news tip? Beat The Market, Avoid Crashes & Lower Your Risks. As one of the most valuable private technology businesses in the world, it has established a variety of incentive plans this year, including stock option granting programs at a reduced price, in response to slowing revenue growth, which slowed to 70% from more than 100% in the previous year. ByteDance will spend up to $3 billion to repurchase shares in a deal that values the Chinese unlisted owner of TikTok at around $300 billion, according to a company memo to investors seen by . ByteDance, the Chinese company that owns TikTok, is launching a second share purchase for staff this year at a greater price than the first, according to two sources, in an effort to inspire employees amid slowing growth and uncertainty over a plan to go public. Global Business and Financial News, Stock Quotes, and Market Data and Analysis. TikTok owner ByteDance saw its total revenue grow by 70% year on year to around $58 billion in 2021, according to two people familiar with the matter, slower growth than a year earlier as China . I can only conclude that the article is hype and the author a charlatan. SoftBank Group Corp. (Ticker: SFTBY) stock price has dropped 50% from 2021 to 2022 due to a bad earnings announcement and underperformance of companies it owns. According to the memo, ByteDance had found that some company staff were unaware of what the Talent Development team does. The decision, which a ByteDance executive said was also aimed at attracting new talent, comes as the unlisted company was valued at . A Division of NBCUniversal. Ad revenue for ByteDance grew 113% for the first half of . So far, in 2021, this has not happened due to the change in US political leadership. Read our Returns Policy, Content Copyright Liberated Stock Trader 2022. ByteDance is a Chinese technology company founded in 2012. TikTok is owned by Beijing based technology company ByteDance, which was founded in 2012 by Chinese billionaire Zhang Yiming. ByteDance, the Chinese company that owns TikTok, is launching a second share purchase for staff this year at a greater price than the first, according to two sources, in an effort to inspire employees amid slowing growth and uncertainty over a plan to go public.. ByteDance reportedly informed qualified workers via email that they can seek to pay out their Restricted Stock Units (RSUs), the . KKRs stock price increased by over 200% from January 2020 to 2022. Get this delivered to your inbox, and more info about our products and services. About Us They estimated that between 70 and 100 people were affected by the layoffs. It could not be immediately determined how many RSUs have been issued or how much ByteDance has set aside for the buyback. The easy-to-use app allows users to share short videos that many people find entertaining. You will learn stock market fundamentals, stock chart technical analysis, stock screening, and strategy. However, because the team has already grown quite large, we have decided to no longer retain the Talent Development Center as many of its roles and functions are not in tune with our current development strategies," the note said. You can buy shares in ByteDance by purchasing funds from private equity firms that own Bytedance stock, Coatue, General Atlantic, Hillhouse, KKR, Sequoia Capital, Softbank, and Source Code Capital. Three automated Holly AI systems pinpoint trading signals for day traders. eBay Offers 1st Dividend In 24 Years Clueless or Genius? MOSES Helps You Secure & Grow Your Biggest Investments Perfect for beginner traders and experienced market analysts, TrendSpider offers a service unlike any other. Thanks for pointing it out. Data is a real-time snapshot *Data is delayed at least 15 minutes. Susquehanna also owns about 15% of ByteDance, the tech firm that developed social media app TikTok, based on an October 2020 Wall Street Journal report and adjustments for dilution from subsequent . Dividends in Arrears on Cumulative Preferred Stock. The higher price is intended to motivate staff by allowing them to monetize their shares, according to unnamed sources who requested anonymity since the information was confidential. ByteDance reportedly considered an initial public offering (IPO) in Hong Kong, according to multiple sources cited by Reuters. They were trying to recruit a social media veteran to serve as TikTok Globals CEO in October 2020. ByteDance, the owner of TikTok and Douyin, has started a new round of stock option buy-backs from current and former employees, offering a higher price than during an earlier round while the . ByteDance confirmed to CNBC that there have been layoffs, but would not specify the number of affected employees. "Many learning events, such as online talks of mediocre quality with over 1000 people or sharings given by [key opinion leaders] which could be easily found on the Internet, did not make very effective use of our employees' time," the memo said. KKR is a leading global investment firm that offers alternative asset management and owns stock in ByteDance. Baidu made up 17%, or 36.9 billion of digital media spend for the first half of 2019, followed by Tencent, with 14% or 29.8 billion yuan. During a town hall meeting that lasted around five minutes . The Wall Street Journal claims there is a ByteDance stock ticker, BDNCE, but presents no evidence that the ticker exists. The earliest version of the app was launched in March 2021, and data from Google Play Store shows that the number of installations has exceeded one million. ByteDance's stock option programme, called Restricted Stock Unit (RSU), will be offered at $155 per share this year and employees who were given shares at a higher price will be entitled to one . All Star Pass Black Friday -50% Deal Is Live - Ends In: Barry D. Moore is a Certified Market Technical Analyst with the International Federation of Technical Analysts with over 20 years of investing experience. During a town hall meeting that lasted around five minutes, members of the company's Talent Development team learned that their roles would no longer exist, said one former HR employee. Now, an investigation by The Wire has uncovered new evidence about the identities of Wynn's Macau partners, and the discovery sheds light on the often impenetrable universe of high stakes dealmaking in Macau, one of the worlds biggest gambling hubs. Instagram co-founder Kevin Systrom was among the candidates under consideration, Deadline claims. To invest in TikTok, you can buy shares in KKR. ByteDance, which has around 110,000 employees globally, did not immediately respond to a request for comment. Shares in ByteDance are owned by the founder Yiming Zhang and seven private equity firms Coatue, General Atlantic, Hillhouse, KKR, Sequoia Capital, Softbank, and Source Code Capital. ByteDance dissolved its investment arm this month. MOSES Helps You Sleep Better At Night Knowing You A Prepared For Future Disasters. BEIJING (Reuters) - 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. This was the very rationale for such major adjustments on our part. They said ByteDance told them in an email that those eligible can apply to cash out their Restricted Stock Units (RSUs), ByteDance's stock option . Between 70 and 100 people were affected by the layoffs, according to two former employees who spoke to CNBC. One of the world's most valuable private tech companies, it has launched various incentive plans this year including stock option granting programmes at a lower price amid slowing revenue growth, which fell to 70% last year from more than 100% a year earlier. Who Owns TikTok? ByteDance, the Chinese company that owns TikTok, has launched "LetsChat", a free online messaging application designed for young African users. The town hall was delivered in Mandarin with live English translation to the employees, who were based in offices around the world, according to one of the two former HR staff. It's unclear when (or if) ByteDance will become publicly traded. Our Business Partners, We will never share your details with any third party. Credit: Imaginechina via AP Images But scrutiny of the deal eventually died down, and Wynn Resorts' Macau operations went on to constitute an astonishing 75 percent of the company's revenue. Trade Ideas promises and delivers the nirvana of market-beating returns. Aria specializes in writing about bank stocks, REITs, and personal finance, but she loves any investment at the right price. The SoftBank Vision Fund segment engages in the investment business. ByteDance created two of the worlds most popular and fastest-growing social media platforms, TikTok and Douyin. The final option for acquiring shares in Bytedance is to approach the other private equity firms that own a stake in the company. In a memo to employees that shared the . ByteDance, the Chinese internet company that owns TikTok, eliminated a global team in its human resources department in December. "We initially hoped to narrow down the scope of TD work, and then assess and determine which elements are indeed scalable and applicable in the long run. Buy & Sell Signals Generated . ByteDance headquarters in Beijing. 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