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ByteDance’s Douyin Denies Rumors of Acquiring Missfresh
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ByteDance’s Douyin Denies Rumors of Acquiring Missfresh

Aug 05, 2022
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ByteDance’s Douyin Denies Rumors of Acquiring Missfresh
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ByteDance’s Douyin Denies Rumors of Acquiring Missfresh
(Source: Missfresh)

On August 4, the stock price of Nasdaq-listed retailer Missfresh rose rapidly before the close of trading, posting an increase of more than 160%, amid market rumors that ByteDance’s Douyin is considering an acquisition. Chinese media outlet tech.163 obtained a response from Douyin, which asserted such reports are untrue.

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