TikTok owner ByteDance is set to sell or shut down all of its securities businesses amid the tightening regulatory environment for Chinese internet giants' financial operations, Caixin has learned.
Caixin
ByteDance to exit securities business as China tightens rules
TikTok owner's subsidiary agrees to sell entire stake for $3.16m
Beyond selling its Wenxing stake, ByteDance is shutting down or planning to sell all its other securities businesses. © Reuters
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