divestment Archives - ChroniclesLive

TikTok, ByteDance reject reports they are caving in to US divestment pressure, putting up a fight against Biden order

TikTok on Friday denied a news report suggesting that the ByteDance-owned platform is laying the technological groundwork for a potential divestment, the latest in a flurry of rebuttals issued by …

TikTok owner ByteDance earns praise from Chinese social media for rejecting US sell-or-ban ultimatum

by Anas Siddiqui

Beijing-based ByteDance late on Thursday rejected a report by US digital publication The Information, which said that it was “exploring scenarios” to sell a majority stake in TikTok’s US operations …

China’s Fosun International sells stake in Belgian insurer Ageas to BNP Paribas to reduce debt, focus on core businesses

by Anas Siddiqui

Fosun International, one of China’s largest private-sector conglomerates, has agreed to sell an 8.2 per cent stake in Belgian insurer Ageas to BNP Paribas for about €670 million (US$714 million) …