Asia Tech Wire (Sep 4) -- TikTok parent company ByteDance has decided to raise its stock buyback price for employees to about $181 per share, according to The Information.

At the same time, it will offer former employees about $154 per share for stock repurchases.

ByteDance offered share buyback prices of $171 and $145 respectively in March this year.

The Chinese tech company has a valuation of $180 billion in its last funding round in 2020 and $268 billion at its buyback in December 2023.

At the latest buyback price of $181, ByteDance would fetch a valuation of more than $300 billion.