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China Buying More Stake In Internet Content Firms ByteDance, Weibo

Source: nasdaq.com nasdaq.com
News Snapshot:

China Buying More Stake In Internet Content Firms ByteDance, Weibo Contributor Published Aug 18, 2021 4:41PM EDT (RTTNews) – China is reportedly making its presence felt in its internet-content companies by buying up stakes, filling up board seats and sending committed regulators to monitor the content being produced at these firms in a more detailed manner. These steps, which are aimed at increasing the government presence in all content online, are taken on rules, which first came into place in 2016. While these rules must have been around for some time, it is only now that China is implementing them…

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