HONG KONG -- Chinese entertainment upstart ByteDance is offering cash bonuses to its employees, a move that aims to prevent potential talent outflow at a time when its flagship streaming app TikTok faces an uncertain future amid persistent regulatory headwinds.
"Over the past few months, we have been working together to overcome challenges posed by the COVID-19 pandemic and changing macro environment," Beijing-based ByteDance told its employees in an internal memo reviewed by the Nikkei Asian Review.
