Source: Tech – South China Morning PostTikTok owner ByteDance has decided to divest its stake in an influencer agency whose most valuable asset, Chinese online celebrity Li Ziqi, sued the company in a case that could impact the popular business model of investors cultivating and profiting from online personalities.In the widely watched case involving one of the country’s top online stars, who is seen as a Chinese soft power ambassador on YouTube with over 16 million subscribers, the relationship between capital, culture and commerce…Read More