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Report: ByteDance may change firm listing to Hong Kong or Shanghai

Jul 31, 2020 17:47 IST

Chinese company Bytedance is considering listing its domestic business in Hong Kong or Shanghai, in light of rising US-China tensions over the company's popular video app TikTok. Sources reportedly said that the firm is swaying towards Hong Kong, while also considering listing its smaller businesses like TikTok in Europe or the United States. It's worth noting that previous reports have said the Beijing-based ByteDance has been valued at as much as $140 billion, and earns a majority of its revenue from Chinese users of its products.

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