Cailian Press quoted Reuters as saying that people familiar with the matter revealed that TikTok's parent company ByteDance launched a new stock repurchase plan for its U.S. employees this week, offering $189.90 per share. This price is 11% higher than the $171 per share in the stock repurchase plan a year ago, and higher than the $181 per share six months ago. Another person familiar with the matter said that in the latest stock repurchase plan, ByteDance is valued at approximately $315 billion.