Chinese Owner Of TikTok, ByteDance, Buys China’s Biggest Women & Children’s Hospital Chain

Chinese tech company ByteDance, owner of popular short video app TikTok, has acquired Beijing Amcare Medical Management Co. Ltd., a high-end hospital group that provides women and children with medical services. The goal is to expand ByteDance’s reach into the health care segment.

According to the National Enterprise Credit Information Publicity System, Xiaohe Health (Hong Kong) Ltd., a newly-added shareholder of Amcare, held 69.5% of shares, while the existing shareholder Xiaohe Health Technology (Beijing) Ltd. held the other 30.5% of the shares as of June 24, 2022. Both companies are affiliated with the Beijing-based . . .