Response to Ukraine invasion poses ESG problems for foreign investors in country’s social media companies

Regulator meets with 27 firms such as Tencent, Alibaba and ByteDance to explain the regulatory landscape so they have a clearer grasp of sustainable 'development opportunities'

Tencent invested in 258 companies, 60% more than in 2020. Alibaba made 70 investments, up 59% and ByteDance bought into 58 companies, 87% more

Earlier, rival photo and short-video platform Instagram announced it was offering paid subscriptions to a small group of influencers

A senior executive said the company does not intend to halt investments but will instead handle them through its existing divisions

New CEO Liang Rubo to become chairman as group rejigs its business, source reveals. Zhang announced his resignation as chief executive in May.

TikTok CEO Shou Zi Chew will step down as chief financial officer at parent company ByteDance to focus on running the short-video platform

Beijing threatened ‘other measures’ will be used if the tech giants don’t share links to their rival’s sites after they were summoned by industry officials along with ByteDance, Baidu, Huawei and Xiaomi

Chinese officials have been tightening scrutiny on the fintech sector, while ByteDance has focused on e-commerce and gaming as its new sources of growth

China's government took small stakes in tech companies owned by ByteDance and Sina Weibo amid its widening regulatory crackdown on the industry.

China’s Google has surprised analysts with a healthy set of quarterly numbers as it battles rivals Alibaba and ByteDance for tech dominance

China’s ByteDance aims for a Hong Kong listing by early next year despite the nation’s regulatory storm against tech companies,...