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TikTok owner plans to go public in 2022 despite Beijing’s crackdown on big Chinese tech companies

August 9, 2021
Source: marketresearchtelecast.com marketresearchtelecast.com
News Snapshot:
ByteDance, the Chinese company that operates the short video platform TikTok, plans to go public next year, despite Beijing’s heavy crackdowns on large domestic tech companies, it reports. The Financial Times . The Beijing-based multinational is expected to go public in Hong Kong in the fourth quarter of this year or early 2022 “despite a growing regulatory assault aimed at Chinese technology companies, “the media details, citing three people with knowledge of the company’s projects. After shelving plans for overseas listing this year, the group had to provide more details to China’s regulatory authorities on how it collects, stores and...
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Tags: Beijing | ByteDance | Chinese | crackdown | data | finance | financial | Forbes | Hong Kong | IT | KONG | listing | media | monopoly | national security | online video | outlet | overseas | platform | president | Security | short video | social media | technology | TikTok

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