A decision by ByteDance to dissolve its strategic investment unit has lent support to concerns that Beijing wants a say in deals made by the country’s largest internet firms. Photo: Shutterstock Images
A decision by ByteDance to dissolve its strategic investment unit has lent support to concerns that Beijing wants a say in deals made by the country’s largest internet firms. Photo: Shutterstock Images
Regulation
Tech /  Big Tech

China’s internet watchdog says it has not issued a policy requiring vetting of investment deals at Big Tech firms

  • The official denial came after reports circulated online that platforms with at least 100 million users would have to seek approval for external investment deals
  • Different government agencies, with varying priorities and authority, are becoming increasingly visible in regulating the country’s Big Tech companies

Coco FengZhou Xin
Coco Feng in Beijingand Zhou Xin in Hong Kong

Updated: 8:02pm, 21 Jan, 2022

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A decision by ByteDance to dissolve its strategic investment unit has lent support to concerns that Beijing wants a say in deals made by the country’s largest internet firms. Photo: Shutterstock Images
A decision by ByteDance to dissolve its strategic investment unit has lent support to concerns that Beijing wants a say in deals made by the country’s largest internet firms. Photo: Shutterstock Images
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