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 $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 its overseas listing this year, ByteDance has spent the past few months addressing Chinese regulators’ data security concerns, one of the people said, including providing more detail to authorities on how it stores and manages consumer information.
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