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ByteDance Insists It Will Own Majority of TikTok Global 

By Juro Osawa
· · Source: The Information

ByteDance, TikTok’s parent company, issued a statement in Chinese emphasizing that it will own a majority stake in TikTok Global, a new U.S.-headquartered entity that will be created as a result of the Chinese company’s recent agreement with Oracle and Walmart. ByteDance’s statement, aimed primarily at the Chinese company’s domestic audience, describes the agreement very differently from how...

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