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Policy Asia

Chinese Investment in TikTok Global to be 36%, Down from 45% in ByteDance

ByteDance’s proposal for the formation of a new TikTok Global company, now approved by President Trump, will reduce combined Chinese investment in the new firm to 36% from 45% in ByteDance currently, said a person with direct knowledge of the deal. At the same time, combined U.S. ownership in TikTok Global will be 53%, up from 41% in ByteDance currently. ByteDance will distribute shares in...

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