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Is the first independently listed subsidiary under ByteDance coming soon?懂车帝 says "no comment for now"
On February 27, market news reported that ByteDance’s Dongchedi is considering an IPO in Hong Kong, aiming to raise between $1 billion and $1.5 billion. In response, 21st Century Business Herald reporters reached out to Dongchedi and ByteDance for confirmation, and both parties stated that they “will not respond for now.” It is reported that Dongchedi originally began as an automotive news channel within the news aggregation platform Toutiao and was launched as an independent platform in 2017. It has now developed into one of China’s leading automotive content and trading platforms, competing with rivals such as Autohome and Yiche. (21st Century Business Herald)