60% of Bytedance is owned by institutional investors. It's a private company. The CCP doesn't own the company. 3 of the 5 board members are American. Don't spread made up bullshit. If there's any reason not to sell the company to a US company is because only 150 million Americans are tiktok users on an app with over a billion monthly active users globally. Not to mention that the US companies are gonna lowball the shit out of their offers because they think Bytedance is gonna be begging to sell. Also, there's a chance that if the US bans tiktok, then maybe they could get access to China, which tiktok is not currently available in.
Any business that does business in China, especially ones based in China, are under the CCP. Doesn’t matter who the “owners” are and they can have 1000 American board members.
China has private industry AND state owned industry. While everything is monitored by the CCP, they don't control private businesses. They do indeed have capitalism in China. The only difference is that in China, rich people get killed when they fuck people over. Even the US is an insanely corrupt surveillance state.
60% of Bytedance is owned by institutional investors. It's a private company. The CCP doesn't own the company. 3 of the 5 board members are American. Don't spread made up bullshit. If there's any reason not to sell the company to a US company is because only 150 million Americans are tiktok users on an app with over a billion monthly active users globally. Not to mention that the US companies are gonna lowball the shit out of their offers because they think Bytedance is gonna be begging to sell. Also, there's a chance that if the US bans tiktok, then maybe they could get access to China, which tiktok is not currently available in.
Any business that does business in China, especially ones based in China, are under the CCP. Doesn’t matter who the “owners” are and they can have 1000 American board members.
China has private industry AND state owned industry. While everything is monitored by the CCP, they don't control private businesses. They do indeed have capitalism in China. The only difference is that in China, rich people get killed when they fuck people over. Even the US is an insanely corrupt surveillance state.