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TikTok’s Parent Company ByteDance to Sell Securities Business Chinese media outlet LatePost reported on Wednesday that ByteDance plans to sell its securities business. The business currently has an overall valuation of about 500 million ($77 million) to 1 billion yuan. ByteDance responded that the company is planning to shrink its financial businesses including selling the stock broking business in China. The sale began in the first half of 2021 and the company has been in continuous contact with several investment institutions, including CICC, CITIC, Fosun Group, Niuguwang and East Money, two of which had the intent to invest. LatePost reported that ByteDance has made it clear that it will not engage in the business of securities in the future. ByteDance’s securities business currently consists of special platform products in addition to publicly traded Hong Kong and US businesses. The platform products are mainly Dolphin Stock, a stock market software that launched in 2017. Its main profit model is paid stock investment courses and stock recommendations. The latter service is provided by Beijing Jinmeilin Investment Consulting Co., Ltd., which was acquired by ByteDance in 2018. The company is also within the scope of this sale. “There has not been much energy nor funds to invest in this product,” a person close to ByteDance said. Dolphin Stock has been active for four years, but the number of its daily active users is only about 133,900. The Hong Kong and US stock business are mainly underwritten by Squirrel Securities which was incorporated in Hong Kong by ByteDance at the end of 2019 while Star Securities prepared to be established in early 2021. The latter has not been put into active use yet. Some analysts said that ByteDance’s sale of its securities businesses was to comply with the recent scrutiny of several large tech firms. “ByteDance’s financial business will focus on serving internal users in the future,” the company added. SEE ALSO: ByteDance Employees Receive First Salary Since Cancellation of ‘Big/Small Week’ Work Schedule, Pay Drops 17% on Average ByteDance also gave up its long-prepared wealth management business after the Spring Festival in 2021. At the same time, the company launched an online service of payment by installments for the field of e-commerce.
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TikTok मातृभाषा कम्पनी बाइट्स टाइगरहरू सिक्योरिटी बिजनेस बेच्नेछन् बुधबार बुधबार चिनियाँ मिडिया LatePost ले भन्यो कि बाइट्स क्लिन्ट आफ्नो प्रतिभूति व्यवसाय बेच्न योजना बनाउँछ। व्यापार को वर्तमान कुल मूल्य लगभग 500 मिलियन युआन ($77 मिलियन) हो 1 अरब युआन। बाइटले यो रिपोर्ट पुष्टि गरेको छ। 2021 को पहिलो शताब्दीमा बेचेको कम्पनीले धेरै लगानी संस्थानहरूको साथ सम्पर्क राखेको छ, जसमा सुन कम्पनी, सीआईटीआईसी समूह, फोसुन समूह, नर्वेग नेट र ओरिएंटल मुद्रा समेत समावेश छन्। LatePost ले भन्यो कि बाइट्स माथि उल्लेखित यो स्पष्ट छ कि भविष्य अब प्रतिभूति व्यवसाय मा संलग्न नहीं हुनेछ। हांगकांग स्टक र संयुक्त राज्य व्यापारको अलावा यो प्रतिभूति व्यवसाय बाइट्स छ, तर विशेष प्लेटफर्म उत्पादनहरू पनि समावेश गर्दछ। मुख्य रूप देखि 2017 मा लाइन मा लाइन मार्केट सफ्टवेयर डल्फिन स्टक को लागि प्लेटफार्म उत्पादनहरु। यसको मुख्य लाभप्रद मोडेल स्टक लगानी पाठ्यक्रमहरू र स्टक सिफारिस गर्न हो। 2018 मा बाइट्स द्वारा उत्तीर्ण सेवा बीजिंग जिन मीलिन इन्भेस्टमेंट परामर्श कं, लिमिटेड द्वारा प्रदान गरिएको थियो। कम्पनी पनि बिक्री को दायरा मा छ। “यो उत्पादनमा धेरै ऊर्जा र पैसा छैन,” उनले भने। डल्फिन स्टकहरू चार वर्षको लागि सक्रिय छन्, तर यसको दैनिक सक्रिय प्रयोगकर्ताहरू लगभग 13.3 9 मिलियन छन्। हांगकांग र अमेरिकी स्टक व्यवसाय मुख्य रूपले चूहों प्रतिभूतता, 201 9 को अन्तमा स्क्वायरल सिक्योरिटीजले हांगकांग, र स्टार सिक्योरिटीजहरू 2021 को सुरुवातमा स्थापित हुन तयार छन्। पछि अझै सक्रिय रूपमा प्रयोग गरिएको छैन। केही विश्लेषकहरूले भने कि बाइट पिर्टेटले प्रतिभूति व्यवसायलाई धेरै ठूला प्रविधि कम्पनीहरूको हालैको समीक्षाको अनुपालन गर्न उत्प्रेरित गर्छ। “टाइटट्स डाइविंग वित्तीय व्यवसायले भविष्यको आन्तरिक प्रयोगकर्ताहरूको सेवामा ध्यान केन्द्रित गर्नेछ,” कम्पनीले थपियो। अर्को हेर्नुहोस्:छुट्टी कर्मचारी रद्द गरेपछि काम प्रणाली पछि “ठूलो/सानो हप्ता” रद्द गरियो, औसत भुक्तानी 17% उनले 2021 स्प्रिंग फेस्टिभलमा लामो समयदेखि नै सम्पत्ति व्यवस्थापन व्यवसायलाई 2021 पछि दिए। एकै समयमा, कम्पनीले ई-वाणिज्यको लागि अनलाइन सेवाको क्षेत्र किन्टेसनमा सुरू गर्यो।