You are here: Home » International » News » Companies
Business Standard

ByteDance in talks to list Chinese short video app in Hong Kong: Report

TikTok is not available in China and Douyin is TikTok's Chinese counterpart

Topics
ByteDance | China

Reuters  |  BEIJING 

Photo: Reuters
Photo: Reuters

BEIJING (Reuters) - TikTok-owner is in discussions to list its Chinese short video app Douyin in Hong Kong, according to two people familiar with the situation.

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, according to one of the people.

TikTok is not available in and Douyin is TikTok's Chinese counterpart.

Investment banks have been doing research and analysis about the standalone IPO for Douyin, according to the second person.

A Douyin spokeswoman declined to comment.

 

(Reporting by Yingzhi Yang in Beijing and Brenda Goh in Shanghai; Editing by Himani Sarkar)

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

Dear Reader,


Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

First Published: Mon, October 26 2020. 11:36 IST
RECOMMENDED FOR YOU
.