⁍ TikTok-owner ByteDance is in discussions to list its Chinese short video app Douyin in Hong Kong, according to two people familiar with the situation.
⁍ ByteDance has discussed internally about the potential scenario and its representatives have met several investment banks in recent weeks to talk about such a possibility for Douyin.
– Chinese video-sharing app Douyin could be headed for an initial public offering in Hong Kong as early as this month, sources tell Reuters. The company’s parent company, ByteDance, owns TikTok, which is based in the US, but it doesn’t have an app in China. Douyin is the Chinese version of TikTok, and sources say ByteDance representatives have met with investment banks to discuss an IPO for Douyin.
Source: https://www.reuters.com/article/china-bytedance-douyin/bytedance-in-preliminary-talks-to-list-chinese-short-video-app-douyin-in-hong-kong-sources-idUSKBN27B0GF