BEIJING( Reuters)-Beijing-based ByteDance, the owner of TikTok, said on Wednesday that it would shrink its financial services unit and that it planned to sell its stock broking operations amid China's tightening grip on the financial technology( fintech) sector. ByteDance operates Songshu Zhengquan, which translates to Squirrel Securities, in Hong Kong, and Haitun Gupiao, or Dolphin Stocks, in mainland China. China recently has been tightening scrutiny towards the fintech sector, requiring compa
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2021-09-02 00:00:00.0