ByteDance to step into finance and e-commerce sectors

Chinese Internet firm ByteDance, owner of Toutiao, a popular machine learning-enabled content platform, is quietly expanding its portfolio to e-commerce, finance and social media, The Paper said. In finance, ByteDance was found to have acquired an insurance company, Beijing Huaxia Insurance Brokers, and a consulting firm, Beijing Jinmeilin Investment Consulting Co. Ltd. The company is […]