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Tag: China Internet Investment Fund (CIIF)

ByteDance headquarters, parent company of social influencing app TikTok, is seen in Beijing on September 16, 2020. Whistleblowers from TikTok’s U.S. offices told CNBC not only are they made to work double shifts for ByteDance on Beijing time, but China has access to all U.S. user data and uses the privilege readily.
Chinese State Firm Claims Stake in TikTok’s Sibling Company
In April, ByteDance, which owns TikTok, sold a one percent stake in its subsidiary company Beijing ByteDance Technology Co. to a state-backed firm WangTouZhongWen (Beijing) Technology. The government-backed firm was also given a board seat...