A former Chinese government official hired by TikTok’s parent company ByteDance was in charge of deciding what content should be allowed on the video app until early this year, the Financial Times reported. Cai Zheng, who had previously worked as a diplomat in China’s embassy in Tehran, ran ByteDance’s global content policy team until he transferred from the role in early January, according to...
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Where Did All the Traders Go? Investment Funds Lean on Outsourcing to Cut Costs
More and more investment funds are outsourcing their trading, a move that cuts costs and aims to boost returns but also poses risks for the funds’ portfolios and underlying investors. Once a niche Wall Street business that catered to young hedge funds, outsourced trading has now attracted mutual funds, pension funds and other asset managers, including some of the biggest firms on Wall...
Ex-Coinbase Product Manager Pleads Guilty in Crypto Insider Trading Case
DCG Selling Grayscale Fund Shares at Steep Discount Amid Genesis Bankruptcy
SoftBank’s Vision Fund Posts Loss for Fourth Straight Qurter
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