Media
ByteDance has no sale plans for TikTok, media report untrue – internal note – Financial Post
BEIJING/SHANGHAI — Chinese social media firm ByteDance has no plans to sell part or all of its TikTok app, the short video platform’s head said on Tuesday, denying a media report which said the company was currently weighing options to do so due to U.S. concerns.
Bloomberg reported on Monday that the company was considering a TikTok stake sale.
“From time to time you may read stories in the media that are not true. Today there is an inaccurate report claiming that ByteDance has considered selling part or all of TikTok,” Alex Zhu said in an internal company note seen by Reuters.
“We went on the record saying it was not true, but they decided to publish it anyway. I want to assure you that we have had no discussions with potential buyers of TikTok, nor do we have any intention to.”
A ByteDance spokesman did not immediately respond to a request for comment from Reuters. (Reporting by Yingzhi Yang in Beijing and Brenda Goh in Shanghai; Editing by Himani Sarkar)
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