ByteDance Introduces 'Doubao Shares'—A Low-Cost Stock Option—to Seed Department Employees This Month? Insiders Clarify: No 'Subscription' Involved; Year-End Bonuses Can Be Received as Doubao Shares
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Author:小编   

Market reports suggest that ByteDance has extended an opportunity to employees in its Seed department to acquire 'Doubao shares,' a low-cost stock option priced at $13 per share, this month. This initiative represents ByteDance's inaugural equity distribution aimed at a specific business unit, ensuring that incentive mechanisms remain independent of the performance of other business segments. On May 27, sources close to the matter clarified that the acquisition of Doubao shares does not involve a 'subscription' process. Instead, employees are presented with the option to receive their year-end bonuses in the form of Doubao shares. The Seed department, established in 2023, serves as ByteDance's premier research and development hub for large-scale models. It is currently at the forefront of developing the Doubao large model, with research endeavors encompassing multimodal large models, embodied AI, and beyond.