ByteDance plans to buy back up to $6 billion of shares from existing investors at a valuation of approximately $400 billion, according to The Information. The proposed valuation represents a 20% increase over the company's previous buyback round conducted a year earlier, per a shareholder letter and a person familiar with the matter. Bloomberg separately reported that the buyback price is set at $241.35 per share. The Chinese tech giant also proposed extending by four years — to December 11, 2030 — the deadline for going public or allowing external shareholders to sell back all of their shares.