Bytedance, the company behind the massively popular news aggregation app Jinri Toutiao, is considering a Hong Kong IPO that may value it at over $45 billion, according to media reports. The company would join a wave of Chinese tech listings which has been growing during the past six months.

However, at noon on July 10th, Bytedance responded to market rumors saying that the company had no plans and made no arrangements for listing at present, The Paper reports. The report did, however, note that Bytedance recently launched a shiny new official website in several languages that lists its technology and products, investment and cooperation deals, and more.

Although the company has not always been favored among Chinese regulators—its joke app Neihan Duanzi got shot down in April permanently and is not the only time it got in trouble with officials—Bytedance’s rise has seemed unstoppable.

Start your free trial now.

Get instant access to all our premium content, archives, newsletters, and online community.

Monthly Membership

Yearly Membership

What you get

Full access to all premium content and our full archives

Members'-only newsletters

Preferential access and discounts to all TechNode events

Direct access to the TechNode newsroom

Start your free trial now.

Get instant access to all our premium content, archives, newsletters, and online community.

Monthly Membership

Yearly Membership

Masha Borak

Masha Borak is a technology reporter based in Beijing. Write to her at masha.borak [at] technode.com. Pitches with the word "disruptive" will be ignored. Read a good book - learn some more adjectives.