• Send Us A Tip
  • Calling all Tech Writers
  • Advertise
Monday, July 14, 2025
  • Login
TechStory
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to
No Result
View All Result
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to
No Result
View All Result
TechStory
No Result
View All Result
Home Business

TikTok’s parent company, ByteDance to face challenges in IPO plans, says SCMP

by Chhavideep Singh
April 25, 2021
in Business, World
Reading Time: 2 mins read
0
TikTok
TwitterWhatsappLinkedin
TikTok
Source: Forbes

TikTok is one of the most popular social media companies with its short-video format entertaining and engaging users on the platform. Like any other top companies, TikTok and its parent company ByteDance also faced certain ups and downs in their success story which unfortunately also includes being caught between India and China’s geopolitical issues. This intensity of the situation grew within no time and eventually, the Indian government decided to block about 200 Chinese apps from the country, one of which was TikTok. The short-video platform grew instant popularity in India and as a consequence of the ban, the business of ByteDance was seriously injured and there is no turning back.

You might also like

Jane Street Deposits Rs 4,843.5 Crore as Directed by SEBI, Allowed to Resume Trading in India

Trump’s 35% Tariff Threat Disrupts Walmart’s Bangladesh Garment Supply Chain

Trump Administration to Leverage AI for Medicare Authorization Denials

However, India is not the only country where the Chinese homeland have had political differences, the United States of America under the presidency of Donald Trump and his administration was critically scrutinised for regulatory policies and eventually, because of these differences between the U.S and China, TikTok again got into serious trouble and ByteDance’s business was seriously affected.

Recently, ByteDance had been planning to file for an Initial Public Offering in the United States but according to reports by the South China Morning Post (SCMP), the Chinese company’s Initial Public Offering has been kept on hold to seek compliance with the regulatory demands from both the countries i.e., China and the United States.

As mentioned in a report by Bloomberg Quint, a Beijing-based government official has recently confirmed that the Initial Public Offering of ByteDance has been postponed because of the growing tensions between the two superpowers of the world. In addition to this, the report claims that this government official is involved in regulating the company’s IPO.

According to reports, ByteDance hired Chew Shou Zi, as the company’s first Chief Financial Officer who reportedly also was over-looking at Xiaomi’s Initial Public Offering in the same position for more than two years, says a report by Bloomberg Quint. This new progression in the company made it quite clear last month that it is looking forward to an Initial Public Offering and since then, the company’s shares have drastically jumped, giving the company a market valuation of over USD 250 billion.

The United States of America, under the Trump administration, had made it crystal clear to American companies, restricting them from doing any business with Chinese companies and TikTok was one of these companies. Former President Donald Trump also asked ByteDance to sell its U.S. operations to an American company in order to stay operational in the country, otherwise, it will be banned. ByteDance had no option after being hit by first India and then the United States, it agreed to do the same and was in advanced talks with companies like Walmart Inc. and Oracle Corp. to sell its American operations. Anyhow, Biden Administration has kept all of these decisions on hold as it is re-evaluating the U.S. policies towards China.

Tags: ByteDanceIPOTikTok
Tweet54SendShare15
Previous Post

Indian startup ecosystem comes together to support during covid-crisis

Next Post

‘90% Of Online Gamers In India Consider Mobile Phones As Their Preferred Device’

Chhavideep Singh

Hi! I'm Chhavideep, If you like reading about technology, business and start-ups, you've come to the right place. Catch me: [email protected]

Recommended For You

Jane Street Deposits Rs 4,843.5 Crore as Directed by SEBI, Allowed to Resume Trading in India

by Rounak Majumdar
July 14, 2025
0
Jane Street Deposits Rs 4,843.5 Crore as Directed by SEBI, Allowed to Resume Trading in India

Jane Street, the global proprietary trading giant based in New York, has made headlines in the Indian financial markets by depositing Rs 4,843.5 crore into an escrow account...

Read more

Trump’s 35% Tariff Threat Disrupts Walmart’s Bangladesh Garment Supply Chain

by Rounak Majumdar
July 14, 2025
0
Trump’s 35% Tariff Threat Disrupts Walmart’s Bangladesh Garment Supply Chain

The recent threat by U.S. President Donald Trump to impose a 35% tariff on imports from Bangladesh has sent shockwaves through the country’s crucial garment sector, with immediate...

Read more

Trump Administration to Leverage AI for Medicare Authorization Denials

by Sneha Singh
July 14, 2025
0
Trump Administration to Leverage AI for Medicare Authorization Denials

The Trump Administration has announced a significant change to Traditional Medicare that will require patients to get advance approval for many medical services—a process known as prior authorization....

Read more
Next Post
online gamers

‘90% Of Online Gamers In India Consider Mobile Phones As Their Preferred Device’

Please login to join discussion

Techstory

Tech and Business News from around the world. Follow along for latest in the world of Tech, AI, Crypto, EVs, Business Personalities and more.
reach us at [email protected]

Advertise With Us

Reach out at - [email protected]

BROWSE BY TAG

#Crypto #howto 2024 acquisition AI amazon Apple bitcoin Business China cryptocurrency e-commerce electric vehicles Elon Musk Ethereum facebook flipkart funding Gaming Google India Instagram Investment ios iPhone IPO Market Markets Meta Microsoft News NFT samsung Social Media SpaceX startup startups tech technology Tesla TikTok trend trending twitter US

© 2024 Techstory.in

No Result
View All Result
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to

© 2024 Techstory.in

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?