News Snapshot:
It is the largest chain of private hospitals in China. From now on, Amcare Healthcare will take full ownership of ByteDance, the company behind the famous TikTok application and specialist in online entertainment. The information has not yet been formalized, but sources familiar with the matter have informed the Bloomberg agency and the economic daily Caixin, while the takeover would have been organized via two subsidiaries of ByteDance. Becoming the owner of a chain of private hospitals will be added to ByteDance’s particularity of offering a very complete health platform (Xiaohe) since the end of 2020, a consequence of a...
