Beijing ByteDance Technology sold a 1% stake to WangTouZhongWen (Beijing) Technology, which is owned by three state entities. The deal does not give the Chinese government any stake in TikTok.from Tech-Economic Times https://ift.tt/3ALkDG0
China said to take stake, board seat in ByteDance's key local entity
Beijing ByteDance Technology sold a 1% stake to WangTouZhongWen (Beijing) Technology, which is owned by three state entities. The deal does not give the Chinese government any stake in TikTok.from Tech-Economic Times https://ift.tt/3ALkDG0
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