BEIJING - TikTok-owner ByteDance is in discussions to list its short video app Douyin in Hong Kong, according to two people familiar with the situation.

READ MORE: Douyin to give tech giants a run for their money

Douyin, which is hugely popular on the Chinese mainland, said it amassed 600 million daily active users as of August

ByteDance has discussed internally about the potential scenario and its representatives have met several investment banks in recent weeks to talk about such a possibility for Douyin, according to one of the people.

The video-sharing platform is known as TikTok overseas. 

Investment banks have been doing research and analysis about the standalone IPO for Douyin, according to the second person.

A ByteDance spokeswoman declined to comment on behalf of the company and Douyin. The people declined to be named as the information isn’t public.

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Douyin, where users watch and upload short videos, is hugely popular on the Chinese mainland. Douyin said it amassed 600 million daily active users as of August.