China's ByteDance says it has no recent plans for public listing

The firm conducted a thorough study

ByteDance said on Friday it had no imminent plans for an initial public offering (IPO) after it conducted a thorough study.

"We believe the company doesn't meet the public listing requirements," TikTok owner ByteDance said in a statement published on its Toutiao account.

 

(Reporting by Yingzhi Yang and Tony Munroe in Beijing; Editing by Edmund Blair)