TikTok-owner ByteDance might list its Chinese operations in Hong Kong or Shanghai, according to Reuters sources
Of the two venues, the company prefers Hong Kong, according to two of the people. One of the two also said ByteDance is simultaneously studying the option to list its smaller, non-China business - which includes TikTok that is not available in China - in Europe or the United States.
Reuters previously reported China accounts for the bulk of ByteDance revenue, which one source said was around $16 billion in 2019. The people interviewed by Reuters said the idea of splitting the whole business into two public listings and the venue discussions are preliminary and subject to change. They spoke on condition of anonymity because the information was private.
ByteDance declined to comment. HKEX said it doesn’t comment on individual companies. The China Securities Regulatory Commission didn’t respond to a request to comment.The discussions about the two listings were initiated before the investor plans for a separate TikTok buyout emerged, according to one source, but after the Committee on Foreign Investment in the United States started to look into on TikTok’s handling over user data last year.
It generated around $2.9 billion in profit for 2019, according to one of the people familiar with the matter. The company has set a 2020 revenue target of about 200 billion yuan . TikTok, over the same period, is expected to hit revenue of $1 billion.
日本 最新ニュース, 日本 見出し
Similar News:他のニュース ソースから収集した、これに似たニュース記事を読むこともできます。
Trump and social networks unite in battle against TikTok and China - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
続きを読む »
Kelley Flanagan's 'Pretend You're an Influencer and See How He Reacts' TikTok Challenge Is Truly LOLWatch Kelley Flanagan and Hannah Godwin's 'Pretend You're an Influencer and See How He Reacts' TikTok challenge.
続きを読む »
U.S. Treasury to make recommendation on TikTok to Trump this week: MnuchinU.S. Treasury Secretary Steve Mnuchin said on Wednesday that TikTok was under a national security review and that his agency would make a recommendation to the president about the popular Chinese-owned video-sharing app this week.
続きを読む »
TikTok deal depends on how, not how muchSome of the social network’s investors have proposed buying it at $50 bln, or 50 times sales. That would suggest growth that vastly outpaces rivals like Snap. It’s possible, but with bans in places like India, TikTok’s worth depends on how cleanly it can cut ties with China.
続きを読む »
TikTok says Facebook's attacks are 'disguised as patriotism'TikTok says its app gives advertisers more choices and believes all companies should disclose their algorithms to regulators.
続きを読む »