ByteDance’s biannual buybacks allow employees of the privately held company to cash out some holdings and reflect a balance sheet strengthened by its expanding domestic and international businesses.

ByteDance, the owner of short-video app TikTok , is set to launch a new employee share buyback that will value the Chinese technology giant at more than $330-billion, driven by continued revenue growth, said three people with knowledge of the matter.

The company plans to offer current employees $200.41 per share in the repurchase program, the people said, up 5.5 per cent from $189.90 each it offered them about six months ago which valued ByteDance at roughly $315-billion.

The buyback is expected to be launched in the autumn.

The latest buyback at a higher valuation will come as ByteDance

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