2020-07-23
Bloomberg
Sources: to save TikTok, ByteDance and investors are considering options like selling just TikTok's US business or splitting off ByteDance's international arm
- Venture investors urge Zhang to sell a majority stake in app — Time is running short to avoid a crackdown from U.S. officials
2016-11-01
Bloomberg
Alibaba creates new digital media company, Alibaba Digital Media and Entertainment Group, to consolidate media assets, announces $1.48B fund for new projects
Yu Yongfu, of UCWeb, will become CEO of new group under Zhang — Breaking out media assets is part of transparency efforts
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