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Right now you have an opportunity to be apart of the worlds most valuable start-up with an implied $75 billion price tag. It would further reduce ByteDance's stake in the company to appease US officials who want to see the Chinese firm loosen its grip on the video app.The filing of the IPO would be on a US stock exchange and could come in about a year, the sources said.There is no certainty over whether Trump will sign off on the agreement. Further, ByteDance reported revenue of more than $7 billion in the first half of 2019, causing it to increase its revenue target for the year from $14 billion to $17 billion. It would further reduce ByteDance's stake in the company to appease U.S. officials who want to see the Chinese firm loosen its grip on the video app. 1.7 Billion Downloads & 7...Collaboration & Community app used for remote workers and schools. ByteDance is ready to IPO!Short term or long term investment strategy options to suit your goals,This website uses cookies to improve your experience. meREWARDS lets you get coupon deals, and earn cashback when you complete surveys, dine, travel and shop with our partners.WASHINGTON: China's ByteDance is planning a US initial public offering of TikTok Global, the new company that will operate the popular short video app, should its proposed deal be cleared by the US government, people familiar with the matter said on Thursday (Sep 17).ByteDance is racing to clinch an agreement with the White House that will stave off a US ban on TikTok that President Donald Trump has threatened could happen as early as next week.Trump ordered ByteDance last month to divest TikTok amid US concerns that the personal data of as many as 100 million Americans who use the app could be passed on to China's Communist Party government. Reuters reported last year that CFIUS was investigating TikTok.It looks like the email address you entered is not valid.Copyright© Mediacorp 2020. We also use third-party cookies that help us analyze and understand how you use this website. An IPO of TikTok would be one of the technology sector’s biggest-ever stock market debuts, given that the app was recently valued by ByteDance investors at more than $50 billion.

Further, ByteDance reported revenue of more than $7 billion in the first half of 2019, causing it to increase its revenue target for the year from $14 billion to $17 billion. But opting out of some of these cookies may have an effect on your browsing experience.The time to act is now.

Toutiao offers a tailor-made news feed to users based on how they interact with the content. TikTok is an app that lets users create and share short lip-syncing, comedy and talent videos.Yes, ByteDance is profitable. Chinese officials have said they do not want ByteDance to agree to a forced sale, and the company's proposal to the White House this week called for it to retain majority ownership of TikTok.The board of TikTok Global would include a national security director, who will be approved by the US and chair a security committee overseeing the protection of user data, according to a person familiar with the matter.The term sheet will grant Oracle the right to inspect TikTok's source code and includes numerous provisions to ensure data security and requirement that all US users data remains in the United States housed by Oracle, the source said.It is not clear what Oracle or Walmart will pay for a stake. An IPO of TikTok would be one of the technology sector's biggest-ever stock market debuts, given that the app was recently valued by ByteDance investors at more than US$50 billion. On Wednesday, he reiterated he was opposed to ByteDance retaining majority ownership of TikTok.The White House and ByteDance have agreed to a term sheet on some aspects of a deal, although Trump has not yet approved it, one of the sources said. Microsoft said on Sunday its offer for TikTok was rejected. This category only includes cookies that ensures basic functionalities and security features of the website. ByteDance’s total revenue for 2018 was $7.2 billion.1.

It is mandatory to procure user consent prior to running these cookies on your website.Toutiao is one of China's largest mobile platforms of content creation a...Helo is one of India's leading social media platforms. ByteDance is ready to IPO! [contact-form-7 id="23" title="Footer Subscribe Now"].This website uses cookies to improve your experience while you navigate through the website. 3. It would further reduce ByteDance’s stake in the company to appease U.S. officials who want to see the Chinese firm loosen its grip on the video app. By clicking subscribe, I agree to receive news updates and promotional material from Mediacorp and Mediacorp's partners.READ: TikTok faces another test: Its first US presidential election,READ: US investors set to own majority stake in TikTok Global. Meadows said if TikTok remains predominantly Chinese-run under the Oracle deal, that would not meet Trump’s objectives.China said on Thursday it would need to approve ByteDance's proposed deal with the White House, indicating how its bid to stave off a ban in the United States could be further complicated.As many as 40 per cent of Americans back Trump's threat to ban TikTok if it is not sold to a US buyer, a Reuters/Ipsos national poll found last month. Microsoft did not immediately respond to a request for comment on Thursday. Beyond TikTok, Trump has also issued an order prohibiting transactions with Tencent Holding Ltd's messenger app WeChat.Earlier this year, Chinese gaming company Beijing Kunlun Tech Co Ltd sold gay dating app Grindr, bought in 2016, for US$620 million after CFIUS ordered its divestment.ByteDance acquired Shanghai-based video app Musical.ly - whose user base was largely American - for US$1 billion in 2017 without seeking CFIUS approval, relaunching it as TikTok the following year. An IPO of TikTok would be one of the technology sector’s biggest-ever stock market debuts, given that the app was recently valued by ByteDance investors at more than $50 billion. 2.