1, actually as early as 2020 in ByteDance. ByteDance Hong Kong Co., Ltd. has been registered in Hong Kong and is actually preparing for listing. However, as time went by, I didn't hear the relevant news, and the insured amount even shelved the listing plan. The main reason is that now is not a good time to go public. Not only ByteDance, but also other listed companies that submitted application forms have shelved these plans. However, some companies withdrew their listing applications. The main reason is that investors are not optimistic about the capital market at present, because the market is not friendly to technology stocks. For example, 202 1, the Internet dividend is facing a bottleneck, the state supervision is tightening, and the Federal Reserve keeps raising interest rates. New concept stocks plummeted almost collectively. Not just a fake market in 2020.
Your report is that on the one hand, on the other hand, the so-called investment institutions are facing a depressed market. Netflix lost 2 million users in the first quarter, which is terrible. Large technology companies are facing serious losses. It is a fact that it is difficult to make a profit in the face of such a situation that the three major stock indexes of the US stock market are also gaping low. For a company like ByteDance, technology stocks can't get out of the market dilemma under such circumstances. Choosing to leave temporarily is the best and wisest choice. After all, the overall performance of technology stocks is not so bad, but it is particularly poor in the stock market. In this case, it is better to use static braking, which is more conducive to the development of ByteDance company.
3. Listed companies have the advantages of listed companies. Not listing has the advantage of not listing. It can be said that listing and not listing is a double-edged sword. ByteDance's own company has many advantages. This means that the company is constantly developing, and the entry of a lot of risks and capital will definitely bring changes to the company's development.