TikTok’s Chinese owner, ByteDance, has put its initial public offering (IPO) preparations on hold indefinitely. Before listing abroad, China’s regulators cautioned the firm about data security threats. More Chinese companies, according to observers, planning to list in the United States are reconsidering their plans due to the country’s increasing data security. ByteDance is among the 13 Chinese internet firms asked by the govt to adhere to data regulation and lending practices.

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