ByteDance to foray into China's rental housing market despite tough regulations

ByteDance to foray into China's rental housing market despite tough regulations

FILE PHOTO: TikTok logos are seen on smartphones in front of a displayed ByteDance logo in this illustration taken Nov. 27, 2019. REUTERS/Dado Ruvic

ByteDance Inc., the owner of the global short-video sharing sensation TikTok, is gearing up to enter China’s highly regulated rental housing market after obtaining a real estate broker’s licence and making other recent moves that could help it compete against established real estate portals.

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