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.
Last year, the startup snagged USD 10 million from Vertex Ventures Southeast Asia and India in February, followed by another USD 11 million funds raised from Quona Capital in December.