Brian Fung | @[email protected]

@b_fung ↗

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Last Checked Oct. 7, 2020

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Mon Sep 21 17:50:41 +0000 2020

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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

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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

At some point in the next year, TikTok Global plans to file for an IPO on a US stock exchange. Based on that listing, the parties anticipate the stake in TikTok that’s held by US investors to grow even further, from 53% to closer to 59%, the person said. — PolitiTweet.org

Posted Sept. 21, 2020 Hibernated