ByteDance, the Chinese owner of popular short-video app TikTok, put on hold indefinitely its intentions to list offshore earlier this year after government officials told the company to focus on addressing data-security risks, people familiar with the matter said.

The Beijing-based social-media giant, last valued at $180bn in a funding round in December, had been weighing an initial public offering of all or some of its businesses in the US or Hong Kong, according to people familiar with the company’s plans.