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<\/span><\/figcaption><\/figure>Beijing: ByteDance<\/a>, the Chinese owner of TikTok, has indefinitely put its initial public offering (IPO) plans on hold after the country's regulators warned the company of data security<\/a> risks.

The firm made the decision to postpone the initial public offering in late March following the recommendations from the Chinese cyberspace and securities regulators to focus on addressing data-security risks before listing offshore, the Wall Street Journal<\/a> (WSJ) reported, citing sources.

The Chinese social media<\/a> giant has been considering an IPO of all or some of its businesses in the United States or Hong Kong for some time now.

ByteDance also had other reasons for delaying the listing, including not having a chief financial officer at the time, the journal said.

According to the WSJ, ByteDance became one of 13 internet companies<\/a> asked by the Chinese government to adhere to much stricter data regulation and lending practices.

Observers are saying that given the current situation, more Chinese firms that intend to list in the US would have a second thought amid the country's tightening security on data protection.

Other experts believe that the review is another example of Beijing's crackdown on influential IT giants. Last week, China's State Administration for Market Regulation (SMAR) handed fines to the country's internet<\/a> giants, including Tencent, Alibaba and Didi Chuxing, after probing 22 cases of illegal operations in the internet sector.

The market regulator had said that all the cases are violations of the country's anti-monopoly law, and the companies involved have been fined about USD 77,206 for each case, Global Times reported.
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ByteDance无限期推迟IPO数据安全问题

公司决定推迟后的首次公开发行(ipo)三月下旬建议从中国网络空间和证券监管机构专注于解决数据安全风险清单离岸之前,《华尔街日报》(WSJ)报道,引用来源。

  • 更新于2021年7月13日上午11:06坚持
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北京:ByteDanceTikTok,中国老板,无限期地将其首次公开发行(IPO)计划在该国监管机构警告称,公司数据安全风险。

公司决定推迟后的首次公开发行(ipo)三月下旬建议从中国网络空间和证券监管机构在海外上市,之前集中精力解决数据安全风险华尔街日报》(《华尔街日报》)报道,引用来源。

中国社交媒体巨头一直在考虑IPO的全部或部分业务在美国或香港有一段时间了。

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ByteDance还有其他原因推迟上市,包括没有首席财务官,《华尔街日报》说。

据《华尔街日报》,ByteDance成为13互联网公司要求中国政府遵守更严格的数据管理和贷款行为。

观察人士说,鉴于目前的形势,越来越多的中国公司,打算在美国上市会有第二个想法在该国紧缩安全数据保护。

其他专家认为,北京的审查是另一个例子是打击有影响力的IT巨头。上周,中国国家政府市场监管(SMAR)将罚款交给国家的互联网巨头,包括腾讯、阿里巴巴和迪迪Chuxing,经过调查22例的非法操作在互联网行业。

市场监管机构曾表示,所有的病例都是违反国家的反垄断法,和所涉及的公司被罚款约77206美元为每个案例中,《环球时报》报道。
  • 发布于2021年7月13日11:04点坚持
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<\/span><\/figcaption><\/figure>Beijing: ByteDance<\/a>, the Chinese owner of TikTok, has indefinitely put its initial public offering (IPO) plans on hold after the country's regulators warned the company of data security<\/a> risks.

The firm made the decision to postpone the initial public offering in late March following the recommendations from the Chinese cyberspace and securities regulators to focus on addressing data-security risks before listing offshore, the Wall Street Journal<\/a> (WSJ) reported, citing sources.

The Chinese social media<\/a> giant has been considering an IPO of all or some of its businesses in the United States or Hong Kong for some time now.

ByteDance also had other reasons for delaying the listing, including not having a chief financial officer at the time, the journal said.

According to the WSJ, ByteDance became one of 13 internet companies<\/a> asked by the Chinese government to adhere to much stricter data regulation and lending practices.

Observers are saying that given the current situation, more Chinese firms that intend to list in the US would have a second thought amid the country's tightening security on data protection.

Other experts believe that the review is another example of Beijing's crackdown on influential IT giants. Last week, China's State Administration for Market Regulation (SMAR) handed fines to the country's internet<\/a> giants, including Tencent, Alibaba and Didi Chuxing, after probing 22 cases of illegal operations in the internet sector.

The market regulator had said that all the cases are violations of the country's anti-monopoly law, and the companies involved have been fined about USD 77,206 for each case, Global Times reported.
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