News Snapshot:
China’s ByteDance is planning to go public in the Hong Kong market after postponing its overseas listing and addressing data security concerns, the Financial Times reported. However, a ByteDance spokesperson told Capital.com on Monday that "the report is inaccurate." The Financial Times (FT) reported on Sunday, citing sources with knowledge of company’s plans, that ByteDance is aiming to list either by the fourth quarter of 2021 or by early 2022. Addressing data security concerns ByteDance, owner of widely popular video-sharing app TikTok, spent the past few months addressing China’s data security concerns including providing details on how its stores and...
