News Snapshot:
- ByteDance Ltd. has acquired one of China’s largest private hospital chains for about $1.5 billion, deepening a foray into health care via one of the largest domestic tech deals since Beijing’s internet crackdown. - ByteDance’s health-care app Xiaohe competes with Alibaba Health Information Technology Ltd. and Ping An Healthcare and Technology Co. in online consultations, hospital appointments and wellness services.
