TikTok owner ByteDance is said to be dissolving its strategic investment unit. Photo: dpa
TikTok owner ByteDance is said to be dissolving its strategic investment unit. Photo: dpa
ByteDance

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
TikTok owner ByteDance is said to be dissolving its strategic investment unit. Photo: dpa
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