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TikTok Owner Buys China Hospital Chain

News Snapshot:

The news recently came out that the TikTok ownwer, ByteDance, has paid $1.5 billion for Amcare Healthcare, one of China’s largest private hospital chains. You might wonder why TikTok’s owner would want to buy a hospital chain. Plus, I can already here the privacy critics coming to complain about TikTok (known for its privacy and tracking issues) owning a healthcare organization. Can you imagine the uproar if news came out that Facebook had acquired a big healthcare system in the US. It would go crazy with fears over privacy even more than the ones we heard when Amazon acquired OneMedical…

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