Influencer Li Ziqi Sues Weinian, ByteDance Withdraws Stake in Firm
Several Chinese media outlets reported on Wednesday that due to a dispute between prominent web influencer Li Ziqi and her partner company, Weinian Brand Management Co., Ltd., ByteDance withdrew its stake in the company on October 16. ByteDance has confirmed the report.
About four months ago, ByteDance took up a 1.48% stake in Weinian. Chin…
Keep reading with a 7-day free trial
Subscribe to Pandaily to keep reading this post and get 7 days of free access to the full post archives.