Source: Tech – South China Morning PostTikTok owner ByteDance, which has been diversifying its business beyond its widely popular short video-sharing app, has decided to downsize its financial services operations amid Beijing’s continued campaign to “prevent the irrational expansion of capital”.“The company is scaling back its finance-related business and plans to sell the securities brokerage operation,” a ByteDance representative said in a statement on Thursday. The Beijing-based tech unicorn did not name the business unit it…Read More