ByteDance shelved IPO after regulators warn about data: Report
Chinese cyberspace and securities regulators asked ByteDance in March to focus on addressing data-security risks and other issues before IPO
The firm also delayed the listing because it didn’t have a chief financial officer at the time
TikTok owner ByteDance Ltd. put on hold indefinitely its intentions to list offshore earlier this year after Chinese officials told the company to address data-security risks, Dow Jones reported.
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