ByteDance disbands investment team amid China’s Big Tech clampdown
字节跳动解散投资团队
ByteDance is disbanding its investment team as Chinese regulators step up antitrust scrutiny of the country’s tech giants.
随着中国监管机构对国内科技巨头加强反垄断审查，字节跳动(ByteDance)决定解散其投资团队。
The company behind short video app TikTok said it had reviewed and taken stock of its various business lines at the start of the year and decided to strengthen its focus and “cut down investing with low synergies”.
短视频应用TikTok背后的这家公司表示，它在年初对业务进行了盘点和分析，决定加强业务聚焦，“减小协同性低的投资”。
Members of ByteDance’s investment team will be scattered throughout the organisation to “strengthen the strategic research functions co-ordination with our business”, the company said.
该公司表示，投资团队的成员将被分散安排到各条业务线，以“加强战略研究职能与业务的配合”。
