ByteDance is preparing for an initial public offering (IPO) in Hong Kong, according to people familiar with the matter.

Reuters, citing sources familiar with the matter, reported that ByteDance, the world's most valuable tech unicorn, is actively preparing for its initial public offering (IPO) in Hong Kong.

This move marks that after years of market speculation and anticipation, the parent company of popular apps such as TikTok may be about to take a key step in its IPO process.

Analysts point out that if the IPO is successfully implemented, it will not only raise huge funds for ByteDance to support its global business expansion and technological research and development, but it is also likely to become one of the largest and most high-profile IPOs in Hong Kong and even the global capital markets in recent years.

However, the process also faces multiple challenges, such as geopolitical complexities and global market fluctuations. The specific timetable and financing scale are still subject to official confirmation.