HONG KONG -- When Chinese social media app TikTok surpassed Facebook and Instagram in number of downloads in January, it seemed further confirmation that an IPO for its parent company ByteDance was only a matter of time.
Video platform accused of endangering children and illegal data gathering

TikTok allows users to share 15-second videos and is hugely popular with teens and tweens. (Getty Images)
HONG KONG -- When Chinese social media app TikTok surpassed Facebook and Instagram in number of downloads in January, it seemed further confirmation that an IPO for its parent company ByteDance was only a matter of time.