ByteDance

TikTok owner ByteDance has disbanded its investment department, a company spokesperson told CNBC on Wednesday. Following an assessment at the beginning of the year, ByteDance decided to “strengthen the focus of the business, reduce…
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Internet company ByteDance, the Chinese owner of short-form video platform TikTok, is in talks with Wall Street banks to borrow more than $3 billion to refinance its debt. Sources revealed that the firm plans to take advantage of current…
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