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Beijing takes stake in TikTok owner as it tightens tech rules

 3 years ago
source link: https://www.telegraph.co.uk/technology/2021/08/17/beijing-takes-stake-tiktok-owner-tightens-tech-rules/
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Beijing takes stake in TikTok owner as it tightens tech rules

The threat of a crackdown sent shares in some of China's biggest tech giants tumbling

By Matthew Field

17 August 2021 • 4:43pm

Beijing has taken a stake in the Chinese arm of Bytedance, the company behind viral video sharing app TikTok, in a further sign of the state's tightening grip on technology companies. ...


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