ByteDance is considering selling a single-digit percentage point of its stake in Chinese sneaker reselling platform Poizon, Bloomberg reported, citing people with knowledge of the matter. The TikTok owner bought a 30% stake in Hupu, the online sports forum and e-commerce platform behind Poizon, with RMB 1.26 billion ($182 million) in 2019. The potential sale of its Poizon shares comes after ByteDance scaled down its investment arm over concerns about Beijing’s move to curtail tech giants’ extensive reach in China’s online world. Similarly, Tencent divested its shares in JD and SEA, owner of Southeast Asian online retailer Shopee, in January this year. [Bloomberg]