IPO plan of TikTok maker ByteDance is set back by US-China tensions, sources say

//IPO plan of TikTok maker ByteDance is set back by US-China tensions, sources say

IPO plan of TikTok maker ByteDance is set back by US-China tensions, sources say

ByteDance, the developer of TikTok and its Chinese sibling app Douyin, has put its initial public offering plan on the back burner for now, as it has difficulties coming up with a business structure that can please both Beijing and Washington, according to two people familiar with the matter.One of the sources, who declined to be identified as the information is not public, said the Chinese start-up has yet to find a satisfactory way to restructure its business to meet regulatory requirements…

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By | 2021-04-24T15:00:17+00:00 April 24th, 2021|Business|Comments Off on IPO plan of TikTok maker ByteDance is set back by US-China tensions, sources say