Zhongxin Finance, January 19 (Reporter Wu Tao) On the 19th, it was reported that ByteDance will abolish the investment business as a whole, involving about 100 employees.
Among them, Zhao Pengyuan, the head of strategic investment, and some employees in the strategic investment section may give up the investment business and merge into the strategic business; the financial investment section will be completely dissolved.
ByteDance Building.
Photo by China News Service reporter Wu Tao
The relevant person in charge of ByteDance responded to Zhongxin Finance. The company conducted an inventory and analysis of the business at the beginning of the year, and decided to strengthen the business focus, reduce the investment with low synergy, and disperse the employees of the strategic investment department into various business lines to strengthen the strategy. Alignment of research functions with business.
Related businesses and teams are still in planning discussions.
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