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TikTok owner ByteDance has reportedly canceled its upcoming IPO as China cracks down on tech companies

2 monthes ago   |   By Business Insider

Rafael Henrique/SOPA Images/LightRocket/Getty Images
TikTok's owner ByteDance held off on offshore IPO plans after talks with Chinese officials, The Wall Street Journal reported.
ByteDance's founder indefinitely shelved the plans in March.
China launched a security review of Didi two days after the ride-hailing app went public in the US in June.
See more stories on Insider's business page .
ByteDance, the Chinese company that runs the popular short-form video app TikTok, will hold off on plans for an offshore listing after Beijing authorities told the company to address data-security...
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