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Top related persons:
TikTok - 1 Shou Chew - 1 Trump - 1 Chew - 1 Jose Luis Magana - 1 Musical.ly - 1 TikTok’s - 1 ByteDance - 1
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China Hong Kong United States Beijing California Los Angles Singapore Delaware
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Hong Kong CNN - 1 TikTok LLC - 1 TikTok Ltd - 1 ByteDance Ltd - 1 Bytedance Ltd - 1 Tianjin’s Nankai University - 1 ByteDance - 1 Carlyle Group - 1

Search resuls for: "Wu Shugang"


2 mentions found


☆ TikTok: Is it really Chinese?
  + stars: | 2024-03-18 | by ( Laura He | ) edition.cnn.com   time to read: +8 min
Is TikTok Chinese? In March 2023, CEO Chew was repeatedly pressed by US lawmakers on whether TikTok was Chinese. According to TikTok’s own website, its subsidiaries around the world are all structured under Bytedance Ltd.Is ByteDance Chinese? At last year’s congressional hearing, Chew didn’t directly answer any questions about whether ByteDance is a Chinese company either. That means the Chinese government now owns 1% of Beijing Douyin Information Service, which is the domestic Chinese unit of Bytedance.
Persons: TikTok, Shou Chew, Trump, Chew, Jose Luis Magana, Musical.ly, TikTok’s, ByteDance, Zhang Yiming, Liang Rubo, Zhang, Liang, Jinri, Chew didn’t, Shannon Stapleton, Zhang Fuping, Xi Jinping, Wu Shugang, Shu Yuting Organizations: Hong Kong CNN, TikTok LLC, TikTok Ltd, ByteDance Ltd, Bytedance Ltd, Tianjin’s Nankai University, ByteDance, Carlyle Group, General Atlantic, Susquehanna International Group, Reuters, Communist, Cyberspace Administration, Beijing Douyin Information Service, Chinese Communist Party, National Intelligence Law, Commerce Ministry Locations: China, Hong Kong, United States, Beijing, California, Los Angles, Singapore, Delaware, Culver City , California, Cayman Islands, Shanghai, Chinese, TikTok
☆ China's government is buying Alibaba and Tencent shares that give the Communist Party special rights over certain business decisions, report says
  + stars: | 2023-01-13 | by ( Brian Evans | ) www.businessinsider.com   time to read: +3 min
The Chinese government is buying shares in Alibaba, Tencent and other tech companies, according to the Financial Times. The stakes usually involve a 1% holding and are known as "special management shares." This gives China's Communist Party special rights over certain business decisions, the report said. The stakes usually involve a 1% holding in a key segment and are known as "special management shares," which give Beijing rights over certain decisions at the companies. Meanwhile, details of the Chinese government's plan to buy shares in internet giant Tencent are still under discussion, the report said.
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