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 deal values the gaming studio at around $4 billion, two sources told Reuters. The acquisition of the video games studio come as ByteDance, the owner of TikTok and the similar Chinese short Tel. +1 212 419-5774. Mon - Fri, 9am - 6pm (EST) ByteDance - Get the report with graphs and tables on statista.com! ByteDance says 60% of its shares are owned by non-Chinese investors such as U.S investment firms Carlyle Group and Kohlberg Kravis Roberts and Japan's SoftBank Group. Employees own 20% and its Sep 15, 2022, 1:30 PM UTC. Nick Barclay / The Verge. Ever since TikTok became the most-downloaded consumer app in the world, it’s been an open question when the ByteDance-owned service would Both the FBI and the Federal Communications Commission have warned that ByteDance could share TikTok user data — such as browsing history, location and biometric identifiers — with China’s TikTok has fended off concerns stemming from leaked audio in a Buzzfeed news report that ByteDance employees in China can access private US user data. Trump seeking to ban Chinese-owned apps TikTok is owned by China-based ByteDance, the world's most valuable start-up. Numerous countries have raised concerns over its proximity to the Chinese government and hold over user data across .

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