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ByteDance cracks down on corruption, bribery amid 125 cases reported in first half of 2024

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ByteDance cracks down on corruption, bribery amid 125 cases reported in first half of 2024

The hardline stance by the world’s largest unicorn shows the lengths it is taking to retain and attract talent, as the company boosts productivity and continues to restructure its operations this year. ByteDance says it has a “zero-tolerance” approach towards corruption and bribery. Photo: Shutterstock Monday’s statement by ByteDance singled out several cases. One involved … Read more

China’s internet giants must step up opening their ‘walled gardens’, state media says, ahead of Tencent flagship game’s return to Douyin

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China’s internet giants must step up opening their ‘walled gardens’, state media says, ahead of Tencent flagship game’s return to Douyin

“In the future, internet companies need to be more open-minded and inclusive to promote truly win-win cooperation in the industry,” the Securities Times article said. Increased collaboration between China’s major internet companies are expected to not only benefit consumers, but help further expand the industry, according to state media. Photo: Shutterstock While China’s gross domestic … Read more