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ByteDance, proprietor of standard quick video app TikTok and its Chinese language sibling Douyin, is dissolving its strategic funding unit and reassigning a few hundred workers, partly in response to Beijing’s elevated scrutiny of the “irrational growth of capital”, based on three folks with information of the matter.The strategic funding unit, which handles ByteDance’s main enterprise offers comparable to mergers and acquisitions, has been a core a part of the world’s largest unicorn, which is…
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