ByteDance was China biggest tech deal maker in 2020 as education, health care boost overall value of tech investments

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Beijing-based ByteDance, best known for its short video app TikTok, was the biggest deal maker among China’s tech giants in 2020, expanding out of its core area of entertainment and advertising, according to a new report.Out of 604 acquisitions in China’s new economy sector last year, ByteDance bought nine companies in fields ranging from entertainment and advertising to education and health care, according to a report released on Thursday by Chinese start-up database ITJuzi.This comes as…

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