• TikTok owner ByteDance starts to shift operations out of China

    TikTok owner ByteDance starts to shift operations out of China

    TikTok’s poaching of Disney’s Kevin Mayer to be its CEO was just the most visible part of a broader strategy by its Chinese owner to shift its center of power away from China at a time of rising global tensions, several people familiar with the plans said. The short video app’s parent company, ByteDance, has …