Business

ByteDance has offered to buy back stock from investors, according to reports, in a proposal that values the owner of the TikTok and Douyin platforms somewhere between $260bn and $268bn. That is about 10% less than what the firm was reportedly worth a year ago in a separate buy-back plan. ByteDance is still the world’s most valuable startup and one of the most valuable firms in China. It has toyed with listing on the Hong Kong stockmarket several times.