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Who currently owns tiktok
Who currently owns tiktok






who currently owns tiktok

The Communist Party’s extensive internet filters block most users in China from seeing TikTok. lawmakers worried about harmful content viewed by young people. It’s similar to TikTok, but its content is restricted by Chinese censorship rules that prohibit material deemed subversive or pornographic - a point emphasized by U.S. WHAT IS DOUYIN AND WHAT IS TIKTOK’S RELATIONSHIP WITH IT?ĭouyin is ByteDance’s short-video platform for the China market. “The Communist Party doesn’t have voting rights in ByteDance,” Chew said.īyteDance’s main Chinese subsidiary is the license-holder for some of its video and information platforms that only serve the China market. In China, so-called golden shares held by official investment funds are one way for Beijing to gain more oversight over business by giving them a 1% stake in companies.Ĭhew pushed back when lawmakers claimed that the Communist Party owns shares in ByteDance that give it a vote in how the company is run. data but that won’t be the case once Project Texas is complete.Īfter a lawmaker said the Communist Party holds a “golden share” in ByteDance that allows it to control one ByteDance board seat, Chew said, “That’s not correct.” Chew told the lawmakers China-based ByteDance employees may still have access to some U.S.

who currently owns tiktok

data out of China’s reach.īyteDance disclosed in December that four employees gained access to data about reporters and people connected to them while looking for how information about the company was leaked. The fear is that ByteDance would have to hand over information it obtained from TikTok if ordered to do so by Chinese authorities, but Chew has said Project Texas will put U.S. user data is stored in the United States and the company should finish deleting older U.S. TikTok has promised to protect data on American users by storing it on servers operated by an outside contractor, Oracle Corp., in what’s known as “Project Texas.” Chew, the TikTok CEO, said all new U.S. MUST TIKTOK TURN OVER DATA IF THE CHINESE GOVERNMENT SAYS SO, EVEN WITH “ PROJECT TEXAS?” The Chinese government has also sought more direct control over companies by getting seats on boards of directors. It has used crackdowns to tighten control over technology companies and force them to align with its goals. The party sometimes conveys orders using “window guidance,” or informal communication in private. TikTok has dual headquarters in Singapore and Los Angeles. Its headquarters is in Beijing’s northwestern Haidian district, home to key universities and a hub for tech startups. TikTok, which has over 150 million American users, is a wholly owned subsidiary of Chinese technology firm ByteDance Ltd., which appoints its executives.īyteDance is based in Beijing but registered in the Cayman Islands, as is common for privately owned Chinese companies. WHY DOES WASHINGTON SAY TIKTOK IS A THREAT? Here’s a look at some of the concerns about TikTok and its ownership. ban on the app by downplaying its ties to China.īoth Republican and Democratic representatives aggressively questioned Chew on topics including TikTok’s content moderation practices, its data security plans, and past spying on journalists. lawmakers have grilled TikTok CEO Shou Zi Chew about data security and harmful content, with some pushing to ban the popular short-video app nationwide.Ĭhew, a native of Singapore, told the lawmakers that TikTok prioritizes user safety as he sought to avert a U.S.








Who currently owns tiktok