TikTok owner ByteDance is said to be dissolving its strategic investment unit. Photo: dpa
exclusive | TikTok owner ByteDance dissolves strategic investment unit amid Beijing’s Big Tech scrutiny
- The Beijing-based unicorn is disbanding an internal unit in charge of external deals
- ByteDance says employees from the unit will be reassigned to other departments after a business review
TikTok owner ByteDance is said to be dissolving its strategic investment unit. Photo: dpa