Douyin is the Chinese version of short video-sharing app TikTok that ByteDance runs in its domestic market.Douyin logo on a stand at The First International Artificial Products Expo Hangzhou on October 18, 2019 in Hangzhou, Zhejiang Province of China. ByteDance runs Douyin, the Chinese version of TiKTok.Chinese technology giant ByteDance is in early stage talks to list some of its businesses including Douyin, a person familiar with the matter told CNBC.
Last week, ByteDance spoke with investment bankers to explore the possibility of an initial public offering for some of its divisions, the person said, without wanting to be named because the discussions were private. Earlier this year, ByteDance spoke to both the Shanghai and Hong Kong stock exchanges, the person said. No timeline or listing venue has been decided.
ByteDance, which is headquartered in Beijing, declined to comment on this story when contacted by CNBC.
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