It is revealed that the Chinese short video platform TIKTOK parent companyByte beating will allow US employees to take off the company's stocks and let them cash out.
According to Reuters on Wednesday (July 12), the byte beating on Tuesday (11th) notified U.S. employees to allow them to restrict the company held by their hands at a certain time after a certain time.When buying a return on the company, the holding shares will be replaced with cash.
Earlier intelial beating rules, only when the company was listed or acquired, "liquidity event" could be discounted by employees.
The spokesman confirmed this change in the interview.The spokesman said that the company's goal is to provide employees with competitive benefits, so that employees are eligible to participate in the company's future repurchase shares plan.
It is reported that the purpose of the byte beating is to appease employees who are anxious to wait for the company's first public offering (IPO).This also means that in the case of strengthening the supervision of technology companies in the Chinese government, byte beating is not rushing to be listed in the near future.
But people familiar with the matter also said that the above changes are also unfavorable to employees, because this means that employees holding company shares will be taxed in the United States, so employees may have to pay for taxes or sell them first, or sell them for salePay taxes.
Byte beating is the newly -known startup company in the world, with the company's value of more than $ 200 billion (S $ 267.5 billion).TIKTOK executives have revealed that 60%of the shares of bytes are held by global investors, 20%are held by employees, and 20%are held by the founders.
