The Business Times
The Business Times
Subscribe
Share on FacebookShare on TwitterView more
The Business Times
Create a free account with Business Times for seamless access across SPH Media products.
REGISTER
LOGIN

Companies & Markets

SUBSCRIBERS

TikTok owner, Ant Financial said to have put in bids

Published Thu, Jan 2, 2020 · 09:50 PM
Share this article.

Singapore

CHINA'S ByteDance Technology, which owns the popular video-sharing app TikTok, is said to have applied for a wholesale digital banking licence in Singapore, The Business Times understands.

This comes as the firm - said to be the world's largest tech startup with a reported valuation of more than US$75 billion as at 2018 - had earlier signalled intentions to edge into financial services.

KEYWORDS IN THIS ARTICLE

ByteDance

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to  t.me/BizTimes

Banking & Finance

newspaper iconPurchase this articleshopping cart icon

SUPPORT SOUTH-EAST ASIA'S LEADING FINANCIAL DAILY

Get the latest coverage and full access to all BT premium content.

SUBSCRIBE NOW

Browse corporate subscription here