BEIJING (Reuters) -TikTok owner ByteDance is shrinking its investment team and dissolving a sub-group focused on financial returns in response to regulatory crackdowns in China, three sources familiar with the matter said on Wednesday. ByteDance had divided its external investment arm into financial and strategic wings, with the latter aimed
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Read moreThere’s a new sign the Chinese government is leaning toward spiking the deal to transfer control of TikTok from ByteDance to U.S. owners, including Oracle and Walmart. An editorial Wednesday in China Daily, the state-run newspaper of the Beijing regime, called the agreement to form TikTok Global — which was forced
Read moreTikTok’s poaching of Disney’s Kevin Mayer to be its CEO was just the most visible part of a broader strategy by its Chinese owner to shift its center of power away from China at a time of rising global tensions, several people familiar with the plans said. The short video
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