ByteDance Ltd. plans to buy back employee stock at a valuation of about $312 billion, a significant markup from previous levels that reflects a brightening outlook for Chinese tech shares.

ByteDance Ltd., the Chinese technology conglomerate behind TikTok, plans to buy back employee stock at a valuation of approximately $312

Investors have marked up ByteDance in recent months despite a US edict forcing a sale or blockade of TikTok.. Read more at straitstimes.com.

Washington once promoted an open, unrestricted internet, and criticized Beijing's efforts to control its citizens' access. But the recent “sell or ban” controversy over ByteDance's social media platform TikTok shows that the United States may now be siding with China when it comes to digital sovereignty.

China's new generation of tech tsars were born after the country began its 'reform and opening up' phase A new generation of Chinese entrepreneurs, represented by a group of start-up founders known as the "Fantastic Four",

BYTEDANCE plans to buy back employee stock at a valuation of about US$312 billion, a significant markup from previous levels that reflects a brightening outlook for Chinese tech shares. Read more at The Business Times.