Thursday, 17 February 2022 01:10

Chinese Government Acquires Stake in TikTok Parent Company ByteDance

Written by Daniel DeAngelo
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The Chinese government now controls a stake in TikTok’s parent Company ByteDance, expanding its hold over the country’s growing technology sector.

TikTok is one of the largest social media platforms on the web. The video-sharing app has over 1 billion users worldwide, and last year, it dethroned Google as the internet’s most visited website domain. However, the platform was also a source of controversy when then-US President Donald Trump attempted to ban the app over perceived national security risks.

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