ByteDance is offering special stock to employees of its AI lab to fend off poaching from rivals as China’s tech talent war heats up.
The Beijing-based owner of TikTok is offering low-priced stock options linked to its Seed AI division to employees of the unit, according to four people with knowledge of the incentive. It is the first time ByteDance has issued shares tied to a specific business unit.
The structure gives staff exposure to Seed’s growth without dilution from ByteDance’s other business lines. The move is meant to keep staff at the company after rivals including Tencent began poaching members of its top research team.
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