Technology

TikTok owner ByteDance renames some subsidiaries, reviving speculation of Hong Kong IPO

TikTok owner ByteDance renames some subsidiaries, reviving speculation of Hong Kong IPO

ByteDance, the Chinese owner of TikTok, has added “Douyin” to the name of several subsidiaries, including one based in Hong Kong, where the unicorn was reportedly considering to float part of its business before it was put on hold amid regulatory uncertainties. ByteDance (Hong Kong) Limited, a legal entity established in 2012 under its Beijing-based parent, was renamed Douyin Group (Hong Kong) Limited with effect on May 6.

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