Sources: ByteDance CFO told staff that it has no plans to go public; report: CEO Liang said the company plans to reduce input into noncore businesses (Coco Feng/South China Morning Post)

Emily Baker-White / Forbes:
Sources: ByteDance launched audits into TikTok’s global CSO Roland Cloutier before he quit, hamstringing his efforts to build a robust security team  —  Roland Cloutier, a U.S. Air Force veteran and former law enforcement officer, stepped down as TikTok’s Global Chief Security Officer …

New York Times:
Former TikTok and ByteDance staff say TikTok CEO Shou Zi Chew’s power is limited, with ByteDance’s founder and other executives making most decisions  —  Shou Zi Chew, TikTok’s chief executive, is balancing how to be an autonomous leader while juggling the demands of the app’s Chinese parent company.

Wall Street Journal:
Sources: ByteDance plans to expand its Resso music streaming service globally, starting with over a dozen markets excluding the US, and integrate it into TikTok  —  Company is negotiating with labels as it seeks more than a dozen new global markets  —  TikTok parent ByteDance Ltd …

Coco Feng / South China Morning Post:
China’s central bank: e-CNY transactions totaled ~$14B from December 2019 to August 2022, up 14% from ~$12.2B in December 2021, signaling slowing growth  —  China’s central bank digital currency transactions totalled 100 billion yuan (US$14 billion) from the start of the e-CNY initiative …

Coco Feng / South China Morning Post:
Alipay has quietly started testing money transfers through WeChat in September, available for a small number of users with a maximum of ~$278 per transfer  —  The wall separating China’s two leading mobile payment systems may have started to crack after Ant Group’s Alipay rolled out a trial service …

Reuters:
A US judge dismisses an indictment against Huawei CFO Meng Wanzhou, formally ending a criminal sanctions case that strained US-China relations  —  A U.S. judge on Friday dismissed an indictment against Meng Wanzhou, the chief financial officer of Huawei Technologies Co [RIC:RIC:HWT.UL] …