Bytedance 'mulls offering' next year

Beijing Bytedance Technology Co Ltd, which runs news aggregator Toutiao and short video app Douyin, is seeking a public listing next year, the Financial Times reported citing anonymous sources.

It remains unclear where the tech startup plans to list its shares or how much it intends to raise. Bytedance declined to comment when contacted by China Daily on Tuesday.

Founded in 2012, Bytedance has quickly grown into a media conglomerate encompassing news offerings, video products, and a Q&A forum that allows its more than 1 billion active users to communicate on a variety of heated issues.