FILE PHOTO: People walk past a logo of Bytedance, the China-based company which owns the short video app TikTok, or Douyin, at its office in Beijing, China July 7, 2020. REUTERS/Thomas Suen
BEIJING (Reuters) - TikTok owner ByteDance is launching a new stock option granting programme for its employees that according to two sources lowers its prices by 20% from the 2021 plan, as the Chinese company tries to retain talent amid slowing revenue growth.
The decision, which a ByteDance executive said was also aimed at attracting new talent, comes as the unlisted company's was valued at around $300 billion, equaling roughly $170 per share, in the private equity secondary market.
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