Byte Jumping set up TikTok Jitterbug Group, or listed in Hong Kong
Recently, the website of the Hong Kong Companies Registry showed that ByteDance (Hong Kong) Co., Ltd. has changed its name to Douyin Group (Hong Kong) Co., Ltd., effective May 6, 2022. In addition, several other companies under ByteDance have also successively changed their names to “Douyin”.
According to Tianyancha, ByteDance Co., Ltd. changed its name to Douyin Co., Ltd. On April 25, ByteDance appointed a new chief financial officer, who will be served by Gao Zhun, a senior partner at Skadden International Law Firm. These successive moves are believed to be the reason the company is reconsidering to list its domestic businesses such as Douyin independently as Douyin Group in Hong Kong.