ByteDance Plans to Buy Back Up to $6 Billion in Shares at About $400 Billion Valuation

ByteDance, the Chinese owner of TikTok, is planning to buy back up to $6 billion worth of shares from existing investors at a valuation of about $400 billion. Channel NewsAsia published the report, which cites The Information.

How the ByteDance Buyback Was Reported

The Information reported the plan on Thursday, citing a letter to shareholders and a person familiar with the plans. Reuters could not immediately verify the report. The buyback would take place at a valuation of about $400 billion, according to the same account.

ByteDance is a Chinese-founded global technology company operating content platforms (TikTok, Douyin), AI products (Doubao, Seedance), enterprise cloud (Volcano Engine), and productivity suites (Lark/Feishu) serving billions of consumers and over 1.1 million enterprise organizations worldwide. It was founded in 2012 and is headquartered in Beijing.

ByteDance's Valuation in Company Records

According to akta.pro company records, ByteDance was listed at $480 billion in the Hurun 2026 Global Unicorn List, third most valuable globally after Anthropic at $965 billion and OpenAI at $852 billion. The same records describe a valuation approaching $1 trillion according to gray market activity, as the company delays IPO plans. The records list total funding of $50.2 billion, with the last round dated September 3, 2026, and 17 funding rounds on record.

Earlier ByteDance Moves This Month

On November 11, 2026, Crypto Briefing reported that ByteDance is preparing to release a personal AI agent called Spell, built in the mold of Meta's Muse, with integration into its Doubao assistant. On the same date, 36kr reported that ByteDance is developing a personal AI agent for Doubao, aiming to move beyond chat into task execution, and that Doubao's monthly active users reached 419 million in September. On November 6, 2026, Bloomberg reported that ByteDance is considering expanding a data center project in northeastern Brazil, specifically in the state of Ceara, and is seeking a developer for the second phase at an industrial port where it benefits from tax breaks for data exports.

What Comes Next for ByteDance

On November 5, 2026, Pedaily reported that ByteDance's Coze enterprise version ends new sales on November 30, 2026. The Information's account of the buyback cites a letter to shareholders and a person familiar with the plans.