![]() Edit your own videos Our integrated editing tools allow you to easily. While there is precedent for the Chinese government to hold shares in tech firms, the news comes amid a surge in antitrust probes and new rules for the industry, upending a previously laissez-faire approach by authorities.Ī ByteDance representative said Beijing ByteDance Technology "only relates to some of ByteDance's China-market video and information platforms, and holds some of the licences they require to operate under local law. From your morning coffee to your afternoon errands, TikTok has the videos that are. It is held by WangTouZhongWen (Beijing) Technology, which is owned by three Chinese state entities including a fund backed by the country's main internet watchdog, the Cyberspace Administration of China (CAC), government shareholder data shows. ![]() The 1% stake in Beijing ByteDance Technology, which holds some of the licenses for Douyin, the Chinese version of TikTok, as well as news aggregator Toutiao, was registered on April 30, according to corporate information app Tianyancha. politicians who are bent on saying anti-China comments with disregard of facts are “destined to be swept into the waste dumps of history”.Ĭorporate records show that the Chinese government took a stake and a board seat in a ByteDance entity this year - a move that raises questions over how much influence Beijing is planning to wield in a tech sector reeling under an onslaught of regulatory action. According to Zhang Yiming, the total assets of the owner of TikTok are said to be 44.5 billion dollars. He founded the news aggregator and video sharing platform TikTok named ByteDance in 2012 and let us tell you that TikTok was first known as Musical.ly, later its owner named it TikTok. referenced has no ownership of TikTok."ĭismissing Rubio’s comments on TikTok as “political manipulation”, Chinese foreign ministry spokesman Zhao Lijian said at a daily press briefing that U.S. The name of the owner of TikTok is Zhang Yiming. But Oracle and Walmart will own a combined 20 stake in TikTok Global, which means TikTok will still be owned by ByteDance. TikToks extraordinary rise signals a more multipolar internet Despite criticism as either too trivial or too threatening, the Chinese-owned platform has. "TikTok is led by an executive team in the US and Singapore," TikTok said in a statement to Reuters, adding that "the China-based subsidiary of ByteDance Ltd. Trump had for weeks threatened to ban TikTok, owned by China's ByteDance, unless an American company takes its control. It did not respond to a request for comment. The clock is Tik-Toking On August 6th, Trump signed an executive order that gave Bytedance, the owner of TikTok, 45 days to sell or spin off its TikTok operations in the US or face a ban, citing national security reasons. ![]() The Commerce Department is conducting a Biden-ordered review of security concerns posed by those apps and others. "We must also establish a framework of standards that must be met before a high-risk, foreign-based app is allowed to operate on American telecommunications networks and devices." WHO OWNS TIK TOK FOR FREERegister now for FREE unlimited access to Register ![]()
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |