BYTEDANCE, the Chinese owner of short video platform TikTok and Douyin, has revived its plan to go public with a listing in Hong Kong by early 2022 after addressing Chinese regulators’ concerns, the Financial Times (FT) reported Sunday.

ByteDance is planning to list in either the fourth quarter of this year or in early 2022, the newspaper reported, citing sources familiar with the matter.

“We are expecting final guidance from ByteDance in September. They are submitting all the filings with Chinese authorities right now and are going through the review process,” the newspaper quoted a source as saying.

However, a ByteDance spokesperson said yesterday that the Financial Times report was not accurate. The spokesperson declined to provide more details.

ByteDance, which was valued at US$300 billion in recent private trades, planned earlier this year to list some of its businesses including TikTok’s Chinese version Douyin in Hong Kong, sources have said. In April, ByteDance said it had no imminent plans to list itself.

Chinese regulators have stepped up their scrutiny of the tech sector in recent months. The Financial Times report said ByteDance has been working on addressing data security concerns raised by regulators.

(SD-Agencies)