ByteDance has dismissed its entire strategic investment arm, 36Kr reported Wednesday, citing a former employee. The investment arm’s staff and its head, Zhao Pengyuan, may be reassigned to the company’s strategic business unit. Moving forward, ByteDance’s investment arm will no longer be an active division of the company. Chinese media outlets reported that the internal reassignments within ByteDance may be the consequence of new rules drafted by the Cyberspace Administration of China (CAC),… [ Please, visit website http://internetdo.com ]