Source: South China Morning PostBeijing-based ByteDance, owner of the globally-successful TikTok app and its Chinese version Douyin, said in a statement on Friday that it is not ready to file for an initial public offering, at least for the time being. “There has been recent media speculation about our IPO plans. We would like to clarify that we are not ready at this stage and do not have IPO plans yet,” the Beijing-based company said in brief statement late on Friday, without elaborating.A person familiar with the matter who…Read More