WangTouZhongWen (Beijing) Technology, owned by a Cyberspace Administration of China investment vehicle as well as two other state agencies, invested 2 million yuan ($308,770) in April for a 1% President Donald Trump has said the United States could exert more pressure on China-owned companies after threatening to ban ByteDance's popular short-video app TikTok over concerns about the Crystal Scruggs, a 29-year-old lifestyle creator from Houston, received an email from Obviously, one of the marketing firms working with ByteDance, the day after TikTok’s chief executive, Shou China's ByteDance has already ordered around 100,000 Nvidia datacenter accelerators in 2023 — more than the entire Chinese market ordered last year. China's interest is buoyed not only by TikTok is owned by the colossal Chinese tech company ByteDance, a connection that's raised concerns about how much access and influence the Chinese government has to user data and content moderation. ByteDance also owns Douyin, the Chinese version of TikTok that's popular in the country. "The Chinese government would make a decision in accordance with law," said spokesperson Shu Jueting in China’s ByteDance said on Monday that TikTok’s global business will become its subsidiary, even as Oracle and Walmart said over the weekend that they and U.S. investors would own the majority October 3, 2023. WASHINGTON, D.C. – Following reporting from The Wall Street Journal, U.S. Senators Marsha Blackburn (R-Tenn.) and Richard Blumenthal (D-Conn.) are today demanding answers from TikTok over the company’s decision to hire several high-level executives from its China-based parent company, ByteDance. Given the Chinese government TikTok is owned by Beijing-based technology company ByteDance, founded by the Chinese billionnaire entrepreneur, Zhang Yiming. The 38-year-old was named one of Time Magazine's 100 most influential people in 2019, who described him as "the top entrepreneur in the world". After graduating Nankai University with a BA in Software Engineering in The inquiry began late last year after TikTok’s parent company, ByteDance, admitted that employees had wrongly captured information of American users of the social app, including data from two PIwO.