ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon PrintIcon Twitter
Caixin

ByteDance douses rumors of IPO despite naming new CFO

Short-video giant says it is still unable to meet 'conditions for public listing'

Sources say ByteDance was valued at $180 billion in its latest funding round in December.   © Reuters

ByteDance, owner of short-video sensation TikTok, said it has no imminent plans for an initial public offering, breaking a long silence amid months of speculation that the world's most valuable tech startup would soon go public.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more