China roundup: Beijing takes stake in ByteDance, Amazon continues China crackdown - NewsBreak
By Vikash in Business
Updated 3 years ago
The Chinese government's grand plan to assert more control over the country's internet behemoths continues. This week, The Information reported that a domestic entity of ByteDance sold a 1% stake to a government affiliate in April. The deal was also recorded on Tianyancha, a database of publicly available corporate information, as well as the official enterprise registration index.