TikTok owner ByteDance eyes Hong Kong IPO by early 2022: Report

TikTok owner ByteDance Ltd. is reviving plans to list in Hong Kong by early next year even as Chinese authorities widen their crackdown on the country’s technology companies, the Financial Times reported.

The listing could take place either next quarter or in early 2022, the paper said in a report on Sunday, citing three unidentified people with knowledge of the plans.

ByteDance has been working on addressing data security concerns raised by Chinese regulators, the FT reported. It’s going through a review process and has submitted filings to Chinese authorities, and final guidance is expected from ByteDance by September, one of the people was cited as saying. In July, Dow Jones reported that ByteDance put on hold indefinitely its intentions to list offshore earlier this year,