ByteDance (the owner of TikTok and Douyin) is in early stage talks about the possibility of taking Douyin public in Hong Kong. ByteDance has internally discussed the situation and its representatives have met several investment banks in recent weeks who are conducting research and analysis on behalf of Douyin.
ByteDance commented that they haven’t yet made a decision about taking Douyin public.
The short-form video platform has seen huge success in China and amassed 600 million daily active users as of August 2020.
Check out our latest case study: ByteDance – who is the tech giant behind the TikTok phenomenon?
