Comment by hujun

quote from tiktok's webiste https://usds.tiktok.com/usds-myths-vs-facts/: ``` Myth: TikTok’s parent company, ByteDance Ltd., is Chinese owned.

Fact: TikTok’s parent company ByteDance Ltd. was founded by Chinese entrepreneurs, but today, roughly sixty percent of the company is beneficially owned by global institutional investors such as Carlyle Group, General Atlantic, and Susquehanna International Group. An additional twenty percent of the company is owned by ByteDance employees around the world, including nearly seven thousand Americans. The remaining twenty percent is owned by the company’s founder, who is a private individual and is not part of any state or government entity. ```