Technology

59429 readers

2814 users here now

This is a most excellent place for technology news and articles.

Our Rules

Follow the lemmy.world rules.
Only tech related content.
Be excellent to each another!
Mod approved content bots can post up to 10 articles per day.
Threads asking for personal tech support may be deleted.
Politics threads may be removed.
No memes allowed as posts, OK to post as comments.
Only approved bots from the list below, to ask if your bot can be added please contact us.
Check for duplicates before posting, duplicates may be removed

Approved Bots

founded 1 year ago

MODERATORS

[email protected]

228

Desperate TikTok lobbying effort backfires on Capitol Hill (www.bbc.com)

submitted 8 months ago by [email protected] to c/[email protected]

88 comments fedilink hide all child comments

you are viewing a single comment's thread
view the rest of the comments

[–] [email protected] 7 points 8 months ago

The parent company of TikTok is ByteDance which is a company based in China. But TikTok as a company isn't based in China.

From its Wiki:

Its parent company, Beijing-based ByteDance, is owned by founders and Chinese investors (20%), other global investors (60%), and employees (20%). TikTok Ltd 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).

TikTok says that since 2020, the US based CEO is responsible for making important decisions. However, multiple reports claim that there is little functional separation between TikTok and its Beijing-based executives and software developers. TikTok has been noted for downplaying its connection with ByteDance and for eschewing questions about its relationship with the Chinese government.