ByteDance, owner of the popular short video app TikTok, may see its plan to go public postponed until late 2022, after regulatory hurdles in China are resolved, according to three people briefed on the matter.
Is TikTok going to go public?
On August 8, 2021 – ByteDance, the Chinese company that operates the short video platform TikTok, announced its plan to go public with a listing in Hong Kong by early 2022 after addressing Chinese regulators’ concerns, in accordance with Financial Times source. TikTok has a preliminary valuation of $50bn.
Is TikTok on the stock market?
Currently, shares of ByteDance (the Chinese company that owns TikTok) are not yet available on the stock market, as the company is privately held. However, over the last year or so there has been speculation about their plans to launch its IPO (Initial Public Offering).
When was TikTok available to the public?
September 2016
TikTok
| Screenshot of TikTok.com website | |
|---|---|
| Initial release | September 2016 |
| Stable release | 21.6.5 / 18 October 2021 |
| Operating system | iOS Android |
| Size | 442.5 MB (iOS) 88.0 MB (Android) |
Who owns TikTok now 2021?
owner ByteDance
BEIJING/HONG KONG, Jan 20 (Reuters) – TikTok owner ByteDance saw its total revenue grow by 70% year on year to around $58 billion in 2021, according to two people familiar with the matter, slower growth than a year earlier as China tightens its regulation of big tech companies.
Why is ByteDance not public?
ByteDance’s interest in an initial public offering has been put on indefinite hold after Chinese government regulators asked the company to address some issues, including data-security risks, according to The Wall Street Journal.
Who are ByteDance investors?
ByteDance’s investors include Coatue, General Atlantic, KKR, Sequoia Capital, SIG, and Softbank.
Can you invest in ByteDance?
Is Bytedance a publicly-traded company? No, ByteDance is still privately held, meaning its shares are not available on the stock market yet.
In spite of this popularity and as noted above – ByteDance and by extension TikTok – remain privately listed. This ultimately means there is no easy way for investors and traders to speculate on the company as well as no clear or transparent valuation for the general public.
What is the stock symbol for TikTok?
There is no TikTok Stock symbol nor is there a publicly traded stock for ByteDance… yet! Tik Tok became the most downloaded app in the US in October 2018, making it the first Chinese app to achieve this in history. In its most basic form, TikTok is a video sharing social media app.
Is TikTok still owned by China?
It did not respond to a request for comment. “TikTok is led by an executive team in the US and Singapore,” TikTok said in a statement to Reuters, adding that “the China-based subsidiary of ByteDance Ltd. referenced has no ownership of TikTok.” TikTok is not available in China.
Who owns TikTok now?
ByteDance
ByteDance, the Chinese internet company that owns TikTok, eliminated a global team in its human resources department in December. During a town hall meeting that lasted around five minutes, members of the company’s Talent Development team learned that their roles would no longer exist, said one former HR employee.
How much did TikTok grow in 2020?
A separate report by App Annie later found TikTok saw 325% growth in 2020, and the monthly time spent per user also grew faster than any other app — including by 65% in the U.S., surpassing Facebook.
Did Walmart buy TikTok?
Walmart’s latest e-commerce partnership comes after the retailer, along with technology firm Oracle, agreed to buy up stake in TikTok Global from its parent company ByteDance.
Does Walmart own TikTok?
TikTok ultimately struck a partnership deal with Oracle and Walmart that would include the U.S. businesses buying a stake in the app and providing secure technology. Under the terms of the deal, ByteDance would still own 80% of the business, a person familiar with the matter told CNBC last year.
Who is the CEO of TikTok?
Shou Zi Chew
Shou Zi Chew was recognized in Fortune’s 40 under 40 in 2021, celebrating his success as the CEO of TikTok, praising him for “navigating the complex political scene of both China and the U.S.”
Is ByteDance owned by Tencent?
The Information has learned that Chinese internet giant Tencent, one of ByteDance’s biggest competitors, bought a stake of less than 2% in ByteDance in 2016 but has since sold the stake. Xiaomi, one of China’s biggest smartphone makers, invested in ByteDance in 2014.
Is ByteDance a Chinese company?
TikTok’s representative maintained that TikTok has “no affiliation” with Beijing ByteDance Technology, ByteDance’s Chinese entity in which the government took a stake and board seat this year.
Who is the biggest investor in ByteDance?
ByteDance is financially backed by Kohlberg Kravis Roberts, SoftBank Group, Sequoia Capital, General Atlantic, and Hillhouse Capital Group. As of March 2021, it was estimated to be valued at $250 billion in private trades.
Is ByteDance a publicly traded company?
Aug 8 (Reuters) – ByteDance, the Chinese owner of short video platform TikTok, has revived its plan to go public with a listing in Hong Kong by early 2022 after addressing Chinese regulators’ concerns, the Financial Times reported on Sunday.
Is ByteDance publicly traded?
ByteDance, which is not publicly traded, is the world’s largest start-up valued at $140 billion, according to CB Insights. Investments and acquisitions have been a key part of Chinese tech giants’ growth over the years. Companies like Alibaba and Tencent have snapped up smaller players at home and abroad.
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