Caixin China Biz Roundup: Bytedance’s Bold Plans for Tiktok Global

In today’s episode: Tiktok’s parent plans to keep majority ownership of the new company while U.S. executives will control its board; market regulator orders e-commerce and food delivery giants to crack down on illegal sales in a bid to protect the Yangtze River’s biodiversity; and China’s aviation authorities suspend Shanghai-Manila flight route that brought in Covid-19 from overseas