The issue for these investors, however, is that their ownership shares do not equate to a similar share of control over the company. and other countries continue to swirl, it seems clear that there is a significant amount of American money on the line, and American investors who stand to lose out by further damage to TikTok, which operated at a loss in 2022. However, given that the only share purchases since then have been in the secondary market (in other words, buying existing company shares rather than ByteDance issuing new shares), it is likely that the global investors remain the majority shareholders.įrom this perspective, while questions about TikTok’s future in the U.S. The company has since restructured, and Zhang has vacated the board and his position within the company, so the extent to which this rough division remains accurate is unclear. However, it seems this information is obsolete: While the latter two remain investors in ByteDance, they no longer have seats on the board according to their LinkedIn profiles and respective company websites.Īccording to the Financial Times, as of November 2021, 60% of ByteDance shares were owned by global investors, 20% by employees, and a further 20% by Zhang and Liang. Neil Shen (沈南鹏 Shěn Nánpéng), the founding and managing partner of Sequoia China, the Chinese arm of the American venture fund Sequoia Capital.Ĭrunchbase data lists only three board members, William E.
Philippe Laffont, founder of Coatue Management, another American investment company and.Ford, the chairman and CEO of General Atlantic, a U.S.-based private equity firm Arthur Dantchik, representing SIG Asia Investments, a subsidiary of the U.S.-based financial services firm Susquehanna.Liáng Rǔbō 梁汝波, co-founder and chairman, who assumed founder Zhāng Yīmíng’s 张一鸣 board seat in 2021 after the latter stepped back.According to ByteDance’s website, these include: The composition of the company’s board may give an indication of who the key investors are. However, this doesn’t necessarily reflect the sizes of their respective stakes. Sequoia Capital, American firm General Atlantic, and Singapore-based K3 are the most active investors, having participated in more funding rounds than any other entities. In March, G42, an Abu Dhabi investment firm led by Sheikh Tahnoon bin Zayed, a member of the UAE’s royal family and a former national security adviser, also acquired a $100 million stake in the company. Two-thirds of these are non-Chinese investors, of which the vast majority are based in the U.S., with some from Europe and Latin America. To date, ByteDance has attracted over $9 billion from over 30 separate investors across 12 funding rounds. On one side is TikTok (also a Cayman-based company) and its various subsidiaries on the other is Douyin and its own mainland-based subsidiaries.įor the most part, it is the Cayman Islands–based holding company in which investors park their money. Court of Appeals for the District of Columbia Circuit in 2020, the U.K.’s House of Commons, and TikTok’s own website, underneath this company, ByteDance Ltd, sit two strands of subsidiaries. According to evidence submitted by TikTok to the U.S. ByteDance, like many Chinese companies that have sought investors outside mainland China, relies on a variable interest entity (VIE) structure in which an umbrella entity is incorporated in the Cayman Islands.
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