Brian Fung | @[email protected]

@b_fung ↗

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Last Checked Nov. 10, 2022

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Mon Sep 21 17:48:57 +0000 2020

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Brian Fung | @[email protected] @b_fung

Then, once TikTok Global is set up, Walmart and Oracle come in with their investments, diluting the shares and ending up at a cumulative 20% stake in TikTok. That’s how you get this number where 53% of TikTok ends up being held by US shareholders, according to the person. — PolitiTweet.org

Posted Sept. 21, 2020 Hibernated

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Brian Fung | @[email protected] @b_fung

So just as ByteDance is currently broken down by 41% US investors, 14% international investors and 45% Chinese investors, TikTok Global will also have this same breakdown in investor stakes. But ByteDance, the actual corporate entity, will not be an investor, the person said. — PolitiTweet.org

Posted Sept. 21, 2020 Hibernated

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Brian Fung | @[email protected] @b_fung

At this stage, 11% of TikTok’s investors are international and 36% Chinese. Bear in mind that these investors, along with some fraction of the US investors in TikTok, are still separately investors in ByteDance, but are not ByteDance. Follow me? — PolitiTweet.org

Posted Sept. 21, 2020