ByteDance Adjusts Doubao Share Price to $17.02 and Opens Cash-to-Stock Conversion

ByteDance has updated its internal Doubao share policy, raising the price per share from $14.85 in June to $17.02, marking a 14.6% increase. The company is also expanding share grants, with some employees eligible for up to 5% of their total compensation package. Additionally, staff can now convert a portion of their cash compensation into Doubao shares, with ratios varying by rank. This adjustment primarily affects the Seed large model department and the Flow Doubao app team. Since April, the value of Doubao shares has risen by approximately 30.1%, doublin