FILE PHOTO: A man walks by a logo of Bytedance, the China-based company which owns the short video app TikTok, or Douyin, at its office in Beijing, China July 7, 2020. REUTERS/Thomas Suen
BEIJING (Reuters) -Beijing-based ByteDance said on Friday it had no imminent plans for an initial public offering (IPO).
ByteDance last month hired former Xiaomi executive Shou Zi Chew for a newly-created role as chief finance officer, suggesting the tech company was moving a step closer to a much-anticipated IPO.
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