TikTok owner ByteDance to trim stake in Chinese mobile reading platform IReader
Chinese short-video giant ByteDance is selling about 4.38 million shares in digital reading platform operator IReader Technology, a stake worth about 106 million yuan (US$14.9 million) based on closing share prices on Thursday. The sale will be carried out over three months by Beijing Liangzi Yuedong Technology, a wholly-owned subsidiary of ByteDance, IReader said in … Read more
