TikTok owner ByteDance eyes asset listings in Hong Kong: report
ByteDance, the Chinese parent of viral video platform TikTok, is in talks to raise $2 billion from investors before a possible listing of some of its businesses in Hong Kong, according to a report.
The plan could eventually value ByteDance at a massive $180 billion, Bloomberg News reported late Thursday, citing people familiar with the talks.
It could result in Beijing-based ByteDance eventually listing some of its biggest assets, such as Douyin, the Chinese version of TikTok, in Hong Kong.
ByteDance is currently fighting to avoid US attempts to ban TikTok over national security concerns.
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