ByteDance to reduce stock in e-book reader Zhangyue for the third time in 2023

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TikTok parent ByteDance intends to sell 4.389 million shares in Zhangyue, the owner of the digital reading platform iReader, marking its third stock setback since becoming the company’s third-largest shareholder in 2020. Currently, ByteDance holds a 7.49% stake in Zhangyue. This recent divestment follows a nearly 15% surge in Zhangyue’s shares over the past two[…[…
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作者 gocpmall