China Digest: ByteDance buys Caicloud; Hongchuan to launch $144m JV

China Digest: ByteDance buys Caicloud; Hongchuan to launch $144m JV

ByteDance has acquired cloud computing platform Caicloud while Guangdong Hongchuan Smart Logistics has teamed up with state-owned Dongguan Financial Holdings’ units to set up an M&A fund.