Analysis: ByteDance spent $8.74M on US lobbying activities in 2023, up 77% YoY, and Shein spent $2.12M, up 7.6x from 2022, amid rising US-China trade tensions (Ryotaro Yamada/Nikkei Asia)

Ryotaro Yamada / Nikkei Asia:

Analysis: ByteDance spent $8.74M on US lobbying activities in 2023, up 77% YoY, and Shein spent $2.12M, up 7.6x from 2022, amid rising US-China trade tensions  —  Chinese firms seek to minimize effects of alarm over bilateral tensions  —  ByteDance increased its lobbying spending by 77% in 2023 over the previous year.