FILE PHOTO: A man walks by a logo of Bytedance, the China-based company which owns the short video app TikTok, at its office in Beijing, China July 7, 2020. REUTERS/Thomas SuenByteDance's creation of the CFO role signals that it is moving towards a much-anticipated initial public offering .Earlier this year, ByteDance closed a fundraising that values it at US$180 billion, more than doubling its valuation from a previous round in 2018.
Beijing-based ByteDance has been considering whether to obtain a standalone public listing for Douyin, the Chinese version of TikTok, or list some of its Chinese operations including Douyin and news aggregator Jinri Toutiao as a package in Hong Kong or Shanghai, Reuters has reported.
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