ByteDance has revealed it bought online information portal Baike just two weeks after it bought a 22.2% stake in the company.

China-based information and social media platform Baike.com has been acquired by one of its existing shareholders, digital media company ByteDance, for an undisclosed amount, KrAsia reported today, citing local media reports. Terms of the acquisition were not disclosed. The transaction was completed on August 27, just two weeks after ByteDance paid an undisclosed amount for…

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