ByteDance Said to Have Met With Officials Over Data Security
- Firm’s initial preparations for an IPO had been in flux
- Fellow internet giant Didi is under scrutiny after its own IPO
This article is for subscribers only.
TikTok owner ByteDance Ltd. is working to ensure it complies with data security requirements before going public after meetings with Chinese government officials over the issue earlier this year, people familiar with the matter said.
The Chinese tech giant, whose apps also include TikTok’s Chinese twin Douyin and the news aggregator Toutiao, had kicked off initial preparations for an initial public offering of its domestic assets, Bloomberg News reported in April. Yet ByteDance has been proceeding cautiously given recent regulatory changes in China, the people said, even before the IPO of Didi Global Inc. in New York, which sparked a backlash in Beijing.