ByteDance is tapping a cash pile of more than $50bn accumulated from its popular short-video apps to buy back up to $5bn worth of shares from investors.The owner of the viral apps TikTok and Chinese version Douyin raked in $29bn in revenues in the three months to June, up about 40 per cent from the previous year, according to four people briefed on the figures. Earnings before interest and tax, ByteDance’s preferred metric of profitability, were $9bn.
字节跳动(ByteDance)将利用其广受欢迎的短视频应用产生的逾500亿美元现金储备，从投资者手中回购至多50亿美元的股份。
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