Insiders: ByteDance opens "Bean Bag Stocks" subscription rights to Seed employees this month

According to reports, four informed sources familiar with the incentive plan revealed that ByteDance is providing low-priced stock options linked to its Seed artificial intelligence department for employees. This is the first time ByteDance has issued equity for a specific business unit. The incentive mechanism allows employees to share in the growth profits of the Seed department without being diluted by the performance of ByteDance's other business lines. The sources stated that ByteDance has opened up "bean bag stock" subscription rights to Seed employees worldwide this month, priced at $13 per share. The sources added that the value of bean bag stock has risen by nearly 30% since being granted at around $10 per share at the end of last year.