Beijing-based ByteDance announced a business restructuring this week that includes separating TikTok into a stand-alone unit. Photo: Shutterstock
Beijing-based ByteDance announced a business restructuring this week that includes separating TikTok into a stand-alone unit. Photo: Shutterstock
ByteDance

TikTok owner ByteDance bids farewell to ‘boundless’ expansion as Beijing tightens grip on Big Tech

  • ByteDance’s major reorganisation is a natural transition for the maturing business, as it weathers a tightening regulatory environment, said analysts
  • China’s increased scrutiny on Big Tech casts a shadow over ByteDance’s ventures into online education, fintech and video games

Beijing-based ByteDance announced a business restructuring this week that includes separating TikTok into a stand-alone unit. Photo: Shutterstock
Beijing-based ByteDance announced a business restructuring this week that includes separating TikTok into a stand-alone unit. Photo: Shutterstock
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