ByteDance Takes Step Toward Entering Online Stock Brokering in Hong Kong

ByteDance Takes Step Toward Entering Online Stock Brokering in Hong Kong
People at the Bytedance Technology booth at the Digital China exhibition in Fuzhou, Fujian Province, China, on May 5, 2019. Reuters
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BEIJING/SHANGHAI—Beijing-based ByteDance, the owner of popular short video app TikTok, is taking steps to move into the online stock brokerage and wealth management business in Hong Kong, trademark registration documents show.

ByteDance applied last December to register a trademark called Songshu Zhengquan, which translates to Squirrel Securities, in Hong Kong, the city’s online intellectual property database shows.