ByteDance IPO likely delayed until late 2022, sources say

ByteDance, owner of the popular short video app TikTok, may see its plan to go public postponed until late 2022, after regulatory hurdles in China are resolved, according to three people briefed on the matter.One source told the South China Morning Post that the start-up, the world’s largest unicorn with some private investors valuing it at US$400 billion, is unlikely to receive the go-ahead from Chinese authorities to float the company before the Communist Party’s 20th congress, which is…