Who owns TikTok’s parent company, ByteDance?

TikTok’s parent company, ByteDance, was founded by Chinese entrepreneurs. ByteDance is a privately-held global company, roughly 60 percent owned by global institutional investors (such as Blackrock, General Atlantic, and Susquehanna International Group), 20 percent owned by the company’s founders, and 20 percent owned by its employees—including over 7,000 U.S.-based employees. It is not owned or controlled by any government or state-controlled entity.