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China’s ByteDance aims for Hong Kong IPO despite tech crackdown

August 9, 2021
Source: worldnewsera.com worldnewsera.com
News Snapshot:
Social Media updates Sign up to myFT Daily Digest to be the first to know about Social Media news. ByteDance, the owner of short-video app TikTok, has revived a plan to go public despite a widening regulatory assault targeting Chinese technology companies, aiming for a Hong Kong listing by early next year. The Chinese group, which [raised about](//www.ft.com/content/5c10ed57-16b6-43f9-882d-d2cb9837fdc7) $5bn in December at a $180bn valuation, is planning to list in either the fourth quarter of this year or early 2022, said three people with knowledge of the company’s plans. After [postponing](//www.ft.com/content/361d84dd-7a64-4418-9a08-b522d4224060) its overseas listing this year, ByteDance has spent the...
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