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
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
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