News Snapshot:
Forbes August 24, 2022 The TikTok parent company owns a diverse set of companies across sectors including news, video gaming, and education, in addition to its short-form video apps. Earlier this month, ByteDance acquired Amcare Healthcare, one of China’s biggest private hospital chains, for a reported $1.5 billion. That might sound strange, given that the Beijing-based company has become a household name as the parent of TikTok, the fastest-growing social media platform in the world. But ByteDance’s foray into hospitals is just the latest example of how the tech giant’s ambitions extend far beyond the wildly popular video app. ByteDance...
