Petition updateLet's Buy TikTok to Save It!The real story of the Tiktok Ban -The Golden Share Controversy
Idea M0nNew York., NY, United States
20 May 2024

Is TikTok owned partially by ByteDance?

Does the Chinese government own 1% of Bejing Douyin Information Service (the domestic Chinese unit of Bytedance).

Does Wu Shugang from Cyberspace Administration of China sit on the board?

Do "golden shares" provide a way for the Chinese government to get directly involved with the day-to-day business of tech companies? (beyond the the purpose of internet licensing).

if these answers are true. Then the company must be sold.

Under Chinese law this will never be done. TikTok's top share holders are

Carlyle Group, General Atlantic, Susquehanna International CMB Wing Lung Bank, Morgan Stanley, Goldman Sachs, Bank of China, K3 Investors, Primavera Capital Group, Kohlberk Kravis Roberts, Tiger Global Management, GGV Capital, TikTok employees and the founder.

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