China

TikTok's parent company isn't the first Chinese firm to reportedly cancel its IPO plans - but it may get to avoid the public embarrassment Jack Ma faced

2 monthes ago   |   By Business Insider

ByteDance CEO & cofounder Zhang Yiming.
Visual China Group via Getty Images; Ruobing Su/Business Insider
Bytedance was reportedly planning on going public before China told it to focus on its data security risks.
The TikTok parent company then reportedly paused its listing plans as China continues its Big Tech crackdown.
The reported move could save Bytedance and its CEO from the tribulations Jack Ma and his Ant Group saw recently.
See more stories on Insider's business page .
TikTok's parent company was planning on taking some parts of its business public, the Wall Street Journal reports...
Read more ...

 


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