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Beijing takes stake in ByteDance, Amazon continues China crackdown – News Brig

August 22, 2021
Source: newsbrig.com newsbrig.com
News Snapshot:
Hello and welcome back to News Brig’s China roundup , a digest of recent events shaping the Chinese tech landscape and what they mean to people in the rest of the world. This week, investors’ concerns mount as news came that the Chinese government has taken a stake ByteDance, TikTok’s parent and one of the world’s largest private internet firms. Meanwhile, Amazon’s crackdown on Chinese sellers continues and is forcing many traders in southern China out of business, and the government passed a sweeping data protection law that will take effect in November. A state stake The Chinese government’s grand...
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