• davel [he/him]@lemmy.ml
    link
    fedilink
    English
    arrow-up
    11
    ·
    edit-2
    7 months ago

    it’s fully owned and operated by people in China

    US private equity firms own more than anyone. WSJ: What Is TikTok Worth? Some Say $20 Billion, Others Say $100 Billion

    [ByteDance founder] Zhang owns 20% of ByteDance, according to the company, though super shares have given him larger voting rights. Roughly 60% of ByteDance is owned by global institutional investors including Carlyle Group, General Atlantic and Susquehanna International Group. The remaining 20% is owned by company employees.

    The CEO is Singaporean Shou Zi Chew and the VP is American Michael Beckerman.

    • protist@mander.xyz
      link
      fedilink
      English
      arrow-up
      7
      ·
      7 months ago

      TikTok is a subsidiary of ByteDance, and that the Chinese government exerts significant political influence over ByteDance really is not a question