Tencent

TikTok parent ByteDance just bought a hospital group in China

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TikTok’s parent company ByteDance is making some pretty heavy bets on the healthcare space as it acquired Amcare, which runs high-end children’s and women’s hospitals across China. The buyout cost ByteDance $1.5 billion, according to Bloomberg. A spokesperson for Xiaohe Health, ByteDance’s healthcare business, confirmed the acquisition but declined to comment on the deal size. […]

China further limits access to unauthorized foreign games

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For years, China has left a loophole open for people to access unauthorized video games, but it’s ready to close it. Many foreign titles lack a Chinese publishing partner like Tencent to help them obtain the government-issued license needed to operate in the country, so players normally rely on an “accelerator” to reduce delays of […]