{"id":19820,"date":"2021-09-02T14:00:22","date_gmt":"2021-09-02T14:00:22","guid":{"rendered":"http:\/\/cryptospotters.net\/?p=19820"},"modified":"2021-09-02T14:00:22","modified_gmt":"2021-09-02T14:00:22","slug":"bytedance-downsizes-finance-related-business-amid-beijings-curbs-on-irrational-capital-expansion","status":"publish","type":"post","link":"http:\/\/cryptospotters.net\/?p=19820","title":{"rendered":"ByteDance downsizes finance-related business amid Beijing\u2019s curbs on \u2018irrational\u2019 capital expansion"},"content":{"rendered":"<p>Source: Tech &#8211; 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\u2019s continued campaign to \u201cprevent the irrational expansion of capital\u201d.\u201cThe company is scaling back its finance-related business and plans to sell the securities brokerage operation,\u201d a ByteDance representative said in a statement on Thursday. The Beijing-based tech unicorn did not name the business unit it\u2026<a href=\"https:\/\/www.scmp.com\/tech\/big-tech\/article\/3147357\/bytedance-downsizes-finance-related-business-amid-beijings-curbs?utm_source=rss_feed\">Read More<\/a><\/p>","protected":false},"excerpt":{"rendered":"<p>Source: Tech &#8211; 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&hellip; <\/p>\n","protected":false},"author":0,"featured_media":19821,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[4],"tags":[],"_links":{"self":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/19820"}],"collection":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=19820"}],"version-history":[{"count":0,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/19820\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/media\/19821"}],"wp:attachment":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=19820"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=19820"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=19820"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}