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ByteDance Ltd.’s TikTok agreed to invest $1.5 billion in a joint venture with Indonesia’s GoTo Group, part of a pact that lets the Chinese company restart its shopping app in its biggest online-retail market.
ByteDance Ltd., the parent company of popular social video platform TikTok, is offering to buy back up to $5 billion from investors at $160 per share, the same level offered to employees in November, Bloomberg Business reported.