TikTok-owner ByteDance plans to spin off real estate listing business

TikTok-owner ByteDance plans to spin off real estate listing business

FILE PHOTO: The ByteDance logo is seen in this illustration taken, Nov. 27, 2019. REUTERS/Dado Ruvic/Illustration/File Photo

China’s ByteDance plans to spin off its real estate listing service to focus on its core businesses, a company representative said on Wednesday, as the TikTok owner undergoes a reorganisation.

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