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TikTok ‘eyes Hong Kong IPO’ amid China technology crackdown

August 9, 2021
Source: irishexaminer.com irishexaminer.com
News Snapshot:
TikTok owner ByteDance is reviving plans to list in Hong Kong by early next year even as Chinese authorities widen their crackdown on the country’s technology companies, the reported. The listing could take place either next quarter or in early 2022, the paper said in a report on Sunday, citing three unidentified people with knowledge of the plans. ByteDance has been working on addressing data security concerns raised by Chinese regulators. It’s going through a review process and has submitted filings to Chinese authorities, and final guidance is expected from ByteDance by September, one of the people was cited as...
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Tags: Beijing | Bloomberg | ByteDance | China | Chinese | crackdown | cybersecurity | data | delivery | Didi | education | food | games | government | Hong Kong | ipo | News Media | online video | Propaganda | social media | stocks | technology | Tencent | TikTok | Xi Jinping

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