TikTok-owner ByteDance sets up FOF team as it steps up efforts in dealmaking

TikTok-owner ByteDance sets up FOF team as it steps up efforts in dealmaking

Source: ByteDance

ByteDance, the Chinese owner of short-video platform TikTok, has set up a fund of funds (FOF) team as it gears up to invest in new profit generators to strengthen its own operation in the market.

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