ByteDance, which owns short-form video app TikTok, is eyeing an initial public o...
FILE PHOTO: A man holding a phone walks past a sign of Chinese company ByteDance's app TikTok, known locally as Douyin, at the International Artificial Products Expo in Hangzhou, Zhejiang province, China October 18, 2019.REUTERS/Stringer
- ByteDance, which owns short-form video app TikTok, is eyeing an initial public offering in Hong Kong as soon as the first quarter of next year, the Financial Times reported on Tuesday, citing two people briefed on plans. The seven-year-old Chinese start-up posted a better-than-expected revenue for the first half in September at over $7 billion and was valued at $78 billion late last year, separate sources have told Reuters.
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