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A representative from Beijing-based internet technology firm Bytedance has denied a recent report regarding its alleged plan to launch an IPO at the Hong Kong Stock Exchange in the near future.
Business social networking websites show that Jason Ma, the former Director and Head of Xiaomi's VR department, has updated his personal certification to Head of Social VR at ByteDance's Pico.
It was reported that at about 17:31 on October 18, the global daily active users (DAU) of TikTok, a world-famous short video sharing app under ByteDance, exceeded 1 billion. Company insiders later responded that the news was untrue.