ByteDance, which owns short-form video app TikTok, said on Tuesday it had no imm...
FILE PHOTO: A man holding a phone walks past a sign of Chinese company ByteDance's app TikTok, known locally as Douyin, at the International Artificial Products Expo in Hangzhou, Zhejiang province, China October 18, 2019.REUTERS/Stringer
Four sources familiar with the company told Reuters that Bytedance’s plans to list publicly were not imminent. That makes it one of the world’s most valuable unicorns - private firms worth $1 billion or more. Speculation that it has been considering an IPO has been rife since last year. Facebook CEO Mark Zuckerberg, whose product competes with TikTok particularly for younger users, also attacked the app over censorship concerns.
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