Brian Fung | @[email protected]

@b_fung ↗

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Last Checked Nov. 10, 2022

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Mon Sep 21 17:54:42 +0000 2020

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Brian Fung | @[email protected] @b_fung

Where the parties seem aligned is that ByteDance’s founder Zhang Yiming is likely to serve as a member of the board of TikTok Global. But this ownership thing is still messy and seems unsettled based on the various companies’ public statements. — 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

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Brian Fung | @[email protected] @b_fung

@DylanByers What I’ve been told is that ByteDance would own the source code and algorithms (because Douyin) and would give TikTok Global access to said technology. At that point, Oracle does the security vetting, etc. — PolitiTweet.org

Posted Sept. 21, 2020 Hibernated