Insiders: ByteDance's new round of employee stock buybacks will push the company's valuation to over $330 billion.

[Sources: A person familiar with the matter said that ByteDance's new round of employee stock buybacks will raise the company's valuation to over $330 billion, surpassing the previous round's $315 billion.] According to Walter Bloomberg, sources say that ByteDance's new round of employee stock buybacks will raise the company's valuation to over $330 billion, exceeding the previous round's $315 billion. ByteDance's revenue in the second quarter grew by 25%, reaching approximately $48 billion. ByteDance's TikTok business in the U.S. remains in a loss state.

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