ByteDance Opens Seed Share Purchasing to All Employees at $13 Per Share

ByteDance has opened the opportunity for employees in its AI division to purchase shares at $13 each, reflecting the high valuation of its business in this sector. The Seed division, which comprises approximately 2,000 employees, focuses on developing large language models and multimedia capabilities that enhance the company's competitive position. The stock purchase program originated from a pilot initiative launched in Q4 of last year, where the initial share price was around $10, indicating a valuation of $5 billion for the AI unit.