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China tech

TikTok owner ByteDance to disband strategic investment team

Moves comes as Beijing heightens scrutiny of deal-making by top tech groups

The 100 or so members of ByteDance's investment team have three months to find new roles in the group.

HONG KONG -- ByteDance, owner of TikTok and Chinese sister app Douyin, is disbanding its strategic investments team amid heightened scrutiny in Beijing of deal-making by the country's major internet groups.

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