• The largest Internet company in China has shut down its investment arm

    The largest Internet company in China has shut down its investment arm

    'Investment,' according to Oxford, is the activity or practice of investing money for profit. Yes, individuals are eager to put their hard-earned money into start-ups, stocks, and businesses for the sake of profit. Profiteering, on the other hand, has been labeled a sin in China by the Xi Jinping government. As a result, even large IT companies like ByteDance Ltd are being compelled to abandon their investment industry in order to reduce their losses and maintain their existence.