Who owns TikTok’s parent company, ByteDance?

TikTok’s parent company ByteDance was founded by Chinese entrepreneurs. ByteDance is a privately-held global company, with 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 Americans. It is not owned or controlled by any government or state entity.