ByteDance, TikTok's parent company, doesn't plan to go public anytime soon, and The Wall Street Journal reported on Monday that the plan. "Suspended indefinitely"

The WSJ reported that ByteDance founder Zhang Yiming had called for a postponement of his planned IPO in March.slot

after meeting with regulators that suggested the company should address data security concerns, Beijing-based ByteDance could.

Shou Zi Chew was hired as the company's chief financial officer at the end of March. Which led to speculations that an IPO might be imminent.