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China roundup: Beijing takes stake in ByteDance, Amazon continues China crackdown

August 22, 2021
Source: newsbreak.com newsbreak.com
News Snapshot:
The Chinese government’s grand plan to assert more control over the country’s internet behemoths continues. This week, The Information reported that a domestic entity of ByteDance sold a 1% stake to a government affiliate in April. The deal was also recorded on Tianyancha, a database of publicly available corporate information, as well as the official enterprise registration index.
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Tags: Amazon | Beijing | ByteDance | China | Chinese | crackdown | database | enterprise | government | index | Internet | online video | registration | technology

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