Beijing has bought a 1% stake in ByteDance, the social media company that owns TikTok. Ryan: Is this about controlling content or is it to keep tech companies growing? "It's definitely both," he says. 'They're just so worried about messaging'
Goldman Sachs’ profits plunged by two-thirds last quarter while Morgan Stanley reported a 40 per cent year-on-year drop in net income, and companies are facing a record number of shareholder proposals about abortion policies. Plus, Beijing is changing tack in its efforts to secure a firmer grip on the country’s technology companies.
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