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It owns four entities that are based respectively in the United States, Australia (which also runs the New Zealand business), United Kingdom (also owns subsidiaries in the European Union), and Singapore (owns operations in Southeast Asia and India).
Mar 24, 2023 · Both are owned by Beijing-based parent company ByteDance, but Douyin launched before TikTok and became a viral sensation in China. Its powerful algorithm became the foundation for TikTok...
Zhang Yeming (Chinese: 张一鸣; born April 1, 1983) is a Chinese Internet entrepreneur. He founded ByteDance in 2012, developed the news aggregator Toutiao and the video sharing platform Douyin (internationally known as TikTok).
In order for TikTok to go global, ByteDance merged musical.ly with TikTok on 2 August 2018, keeping the name TikTok. Another notable acquisition includes News Republic from Cheetah Mobile in November 2017.
3 days ago · Chinese billionaire Zhang Yiming has stepped down as chairman of TikTok owner ByteDance, joining a host of other tech entrepreneurs who had recently retreated from running their companies...
Mar 20, 2024 · “Fox & Friends” co-host Brian Kilmeade and Sen. Rand Paul, R-Ky., argued on live television about who owns TikTok’s parent company, ByteDance Ltd. Their heated exchange came a...
Jun 18, 2024 · TikTok is owned by ByteDance, a private global company founded by Chinese entrepreneurs. According to TikTok, about 60% of the parent company is owned by global institutional investors, 20% by...
Mar 15, 2024 · Despite what Brian Kilmeade says, it's not the Chinese government. A TikTok spokesperson told PolitiFact that 60% of its parent company ByteDance Ltd. is owned by global investors, 20% by its...
Apr 17, 2023 · 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.
Mar 13, 2024 · Congress passed legislation Tuesday to ban or force a sale of video-sharing app TikTok in the United States, amid concerns that the Chinese-owned platform could be used to monitor and manipulate...
