ByteDance has offered to buy shares held by employees outside the US for about $171 each, ... The Financial Times previously reported that TikTok’s roughly 7,000 US staff, ...

ByteDance’s international business, which includes TikTok, recorded about $15bn in sales for 2022, more than double from a year earlier. China revenues came in at about $70bn, another investor said.

The Financial Times reported last year that ByteDance could seek to separate TikTok and other units into a global business that was separate to its Chinese entity.

Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. ByteDance raked in a record underlying profit last year, overtaking China’s long-reigning tech giants ...

We’ll send you a myFT Daily Digest email rounding up the latest ByteDance news every morning. ByteDance raked in a record underlying profit last year, overtaking China’s long-reigning tech ...