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Breakingviews - ByteDance relapses to unhealthy tech deal habit

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Breakingviews - ByteDance relapses to unhealthy tech deal habit

ByteDance can't seem to quit its unhealthy acquisition habit, and it's not alone. The TikTok-owner has taken over a high-class women's hospital chain for $1.5 billion, Bloomberg reports. Peers like Alibaba and Tencent have made similar forays into healthcare, with underwhelming results. Amid falling valuations and Beijing's sustained pressure on technology companies, this relapse into off-piste dealmaking looks even more ill-advised.

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Breakingviews - ByteDance relapses to unhealthy tech deal habit

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Breakingviews - ByteDance relapses to unhealthy tech deal habit

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