The factory, which has been under development for three years, is now able to produce small-batch orders at reasonable costs and with shorter delivery times for apparel makers.
The move, which the company said will serve to improve consumer safety, is another step for ByteDance towards making Douyin a fully-fledged e-commerce platform.
Ant Group could raise as much as USD 30 billion through the IPO, surpassing Saudi Aramco’s USD 29.4 billion listing to become the world’s largest-ever fundraising.