ByteDance currently has no plans to go public.

On June 22nd, according to two sources familiar with the matter, ByteDance's board of directors concluded at a meeting in early May that ByteDance is unlikely to go public in the near future. A person familiar with the board's thinking said, ByteDance's valuation will only continue to rise, so why would Zhang Yiming want to go public? ByteDance's stock is valued at over $600 billion in the private market. A senior technology investment banker said that this could make ByteDance's market value reach $1 trillion, making it a new benchmark. The decision to delay the IPO reflects the confidence of Chinese entrepreneurs and investors in the most innovative companies. There is reason to believe that when ByteDance eventually goes public, it may trigger a shift in market sentiment towards other Chinese tech companies and the entire market. At the same time, venture capitalists will be on the lookout for the next ByteDance.