Chinese tech giant ByteDance is considering listing its domestic business in Hong Kong or Shanghai.
Of the two venues, ByteDance prefers Hong Kong.
China accounts for around $16 billion of ByteDance's revenue in 2019.
A standalone listing could value the China business at over $100 billion in Hong Kong or in Shanghai.
ByteDance is also studying the option of listing its smaller, non-China business in the US and Europe.
Bytedance originally wanted to list as a combined entity, including TikTok and other operations, in New York or Hong Kong.
The idea of splitting the whole business into two public listings was due to concerns over US regulatory scrutiny and uncertainty over whether a 2013 audit deal between Beijing and Washington will remain intact.
US regulators have spoken about banning TikTok or requiring ByteDance to sell it, over suspicions that China could force its owner to turn over US user data.
The discussions about the two listings were initiated after the Committee on Foreign Investment in the United States (CFIUS) investigated TikTok's handling of user data last year.
ByteDance was valued at as much as $140 billion earlier this year.


Barclays Q2 Profit Beats Forecasts as Investment Banking Strength Offsets Higher Costs
Zabka Shares Drop 10% as Seven & i Abandons Investment Plans
TSMC Gradually Restarts Japan Chip Plant After Kumamoto Earthquake
SK Hynix Q2 Profit Hits Record as AI Memory Chip Demand Fuels Growth
Sika Raises 2026 Sales Outlook After Strong First-Half Results Beat Expectations
Stellantis Sells Free2move Car-Sharing Business to Mutares to Strengthen Core Auto Strategy
Exosens H1 Profit Beats Forecasts as Defense Demand Drives Growth
Air Liquide Q2 Sales Growth Tops Forecast as Electronics Business Drives Strong Performance
AstraZeneca Q2 Earnings Beat Forecasts as Oncology Growth Supports 2026 Outlook
Galp Shares Fall After Q2 EBITDA Miss Despite Profit Beat and Higher Dividend
ASML, Applied Materials Slide as China DUV Chip Equipment Breakthrough Sparks Market Jitters
OpenAI Revenue Surges After GPT-5.6 Launch as IPO Expectations Grow
Unilever Raises 2026 Sales Outlook After Strong Q2 Volume Growth
Seagate Stock Jumps as AI-Fueled Earnings Beat and Strong FY2027 Outlook Impress Investors
Nvidia Invests $1 Billion in Naver as South Korea AI Data Center Expansion Gains Momentum
Chipotle Q2 Earnings Beat Expectations as Sales Growth Drives Higher 2026 Outlook 



