BEIJING (Reuters) -Douyin Pay, the online payment service for the Chinese version of TikTok, is under investigation for an alleged rule breach, Chinese financial media outlet Caixin said in a report on Wednesday that was later taken down from its website.

Douyin Pay is suspected of opening payment accounts for financial institutions and other entities engaged in financial businesses, a practice deemed illegal by China’s central bank, Caixin reported, citing sources familiar with the matter.

ByteDance, owner of Douyin, did not immediately respond to a request for comment. Caixin did not immediately reply to a question about why the story was removed.

The rule, in place since 2016, prohibits non-bank payment institutions from opening accounts for financial institutions or other entities e

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