TikTok owner ByteDance dissolves strategic investment unit amid Beijing’s Big Tech scrutiny

Source: Tech – South China Morning PostByteDance, owner of popular short video app TikTok and its Chinese sibling Douyin, is dissolving its strategic investment unit and reassigning about a hundred employees, partly in response to Beijing’s increased scrutiny of the “irrational expansion of capital”, according to three people with knowledge of the matter.The strategic investment unit, which handles ByteDance’s major business deals such as mergers and acquisitions, has been a core part of the world’s largest unicorn, which is…Read More

Geef een reactie

Het e-mailadres wordt niet gepubliceerd. Vereiste velden zijn gemarkeerd met *

Generated by Feedzy