Re <<TikTok ban upheld>> you are absolutely correct.
Re <<Now Trump has a very bigly huge leverage over China’s control of TT.>> you are right and wrong, in that the Trump has huge leverage over the controllers of TT and the controllers does include ONE China citizen even as majority ownership does NOT go with that citizen
Re <<Take my deal or I enforce the ban. Take it or leave it. Bend over.>> ... am told that the US authorities must bend the knee, admit wrong, and bend over, not for China-China-China but to 170M folks of Team USA
Re <<But please come to my Inauguration.>> ... am told China notes to the Trump that, "my emissary shall present to you the terms and conditions to cooperative play, and in the meantime inviting you to an arms race."
Re <<Masterful troll.>> ... requires standards specification to ascertain whether 'masterful' or not
Re <<No more TikTok spying on Americans. Let the authoritarian CCP do its thing on Little Red Book-waving Chinese only.>> ... time shall best tell, but am guided to understand that CPC doesn't care about ByteDance. Team USA has full authority to anger 170M of its citizens, some important, and others apparently not as much except that they make money by way of TT to pay bills. To boot, Team USA is making Team China looking good by measure of planetary standing.
Re <<No more insidious spying thru TT. Yeah!>> ... 20th January 2024, TikTok TikTok
Re <<Perhaps Musk will buy it. Merge with X and create new company: TixTox or ExTikTok. Or best: TikTokUSA>> ... unlikely, because TikTok is mostly, meaning in the majority, meaning greater than 51%, owned and controlled by the folks of Team USA, and that is why TikTok was for the Trump and its CEO shall attend Trump's inauguration.
Re <<lol!>> I agree with you :0))) and to make the bread crumbs following funnier, more knee-slapping, I point you to the intuitively obvious but only to those paying attention
IOW, a question, do you think the people can handle the truth?
I am guessing TT shall be fine even as some of its mob establishing a parallel presence on Little Red Book, a platform actually controlled by Team China. Am also guessing Team China cannot care less about TT.
Be reasonable, what think you? TT will go dark? or sold by one group of US people to another group? all all-good as is?
Should folks feel played, and played hard, also rudely, and by way of kabuki theatre, feel happy?
TikTok is 100% owned by ByteDance usds.tiktok.com
ByteDance is a privately-held global company, roughly 60 percent owned by global institutional investors (such as Blackrock, General Atlantic, and Susquehanna International Group), 20 percent owned by the company’s founders, and 20 percent owned by its employees—including over 7,000 U.S.-based employees. ByteDance is owned ... drum roll ...
bbc.com
It is now run by a limited liability company based in Los Angeles and Singapore but is essentially owned by ByteDance. While its founders own only 20% of ByteDance, it's the controlling stake in the company. About 60% is owned by institutional investors, including major US investment firms such as General Atlantic, Susquehanna and Sequoia Capital. The remaining 20% is owned by employees around the world. Three of its five board members are American. en.wikipedia.org.
According to Reuters, Zhang maintains over 50 percent of ByteDance's voting rights. [5] The surging global popularity of TikTok made Zhang the richest man in China in 2024 en.wikipedia.org
ByteDance is backed financially by Jeff Yass's Susquehanna International Group, Primavera Capital Group, Kohlberg Kravis Roberts, SoftBank Group, Sequoia Capital, General Atlantic, and Hillhouse Capital Group. [35] [36] [37] As of November 2024, it was estimated to be valued at $300 billion. [38]
ByteDance's owners include investors outside of China (60%), its founders and Chinese investors (20%), and employees (20%). [39] In 2021, the state-owned China Internet Investment Fund purchased a 1% stake in ByteDance's main Chinese subsidiary, Beijing ByteDance Technology (formerly Beijing Douyin Information Service), as a golden share investment [40] [41] [42] and seated Wu Shugang, a government official with a background in government propaganda, as one of the subsidiary's board members. [43] [44] [45]
In 2023, G42 purchased a stake in ByteDance. [46] en.wikipedia.org
Group 42 Holding Ltd, doing business as G42, is an Emirati artificial intelligence (AI) development holding company based in Abu Dhabi, founded in 2018. The organization is focused on AI development across various industries including government, healthcare, finance, oil and gas, aviation, and hospitality. Tahnoun bin Zayed Al Nahyan, UAE's national security advisor is the controlling shareholder and chairs the company. Because G42 had strong ties to China, U.S. authorities have been concerned that G42 serves as a channel through which sophisticated U.S. technology is diverted to Chinese companies or the government. As of February 2024, G42 divested its stakes in China bloomberg.com
Musk-Trump Alliance Has Gulf Wealth Funds Eyeing More US Deals Many Middle Eastern wealth funds have business ties to Musk Gulf executives are hopeful his presence will help drive deals
By Dinesh Nair, Matthew Martin, and Abeer Abu Omar
21 November 2024 at 19:45 GMT+8
In the weeks leading up to the US presidential election, one of the United Arab Emirates’ most influential royals met with Elon Musk. Days after the results were clear, the head of Saudi Arabia’s Public Investment Fund was pictured alongside Donald Trump and the Tesla Inc. chief who helped put him in the White House.
For those at the top echelons of Middle East finance, like the UAE’s Sheikh Tahnoon bin Zayed Al Nahyan and Saudi Arabia’s Yasir Al Rumayyan, Musk’s presence in Trump’s inner circle presents a significant opportunity, people familiar with the matter said, declining to be named discussing confidential information. |
