Friday, 24 March, 2023

ByteDance postpones IPO indefinitely

<p>TikTok&#39;s Chinese owner, ByteDance, has put its IPO preparations on hold indefinitely. Before listing abroad, China&#39;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&#39;s increasing data security. ByteDance is among the 13 Chinese internet firms asked by the govt to adhere to data regulation and lending practices.<br /> &nbsp;</p>