News Snapshot:
ByteDance, the Chinese owner of TikTok, has added “Douyin” to the name of several subsidiaries, including one based in Hong Kong, where the unicorn was reportedly considering to float part of its business before it was put on hold amid regulatory uncertainties. ByteDance (Hong Kong) Limited, a legal entity established in 2012 under its Beijing-based parent, was renamed Douyin Group (Hong Kong) Limited with effect on May 6, according to information found on the Companies Registry of Hong Kong. Douyin is the name of the Chinese version of popular short-video app TikTok. Some other entities under ByteDance have also been...
