BBC Chinese: Chinese Government Has Stake in ByteDance which Owns TikTok; Rubio Asked Biden to Ban TikTok

BBC Chinese Edition recently reported that, according to China's official National Enterprise Credit Information Publicity System, a Chinese company with a government background has invested in ByteDance, owning one percent of the shares. The name of the investor is Wangtou China (Beijing) Technology Co., Ltd. The company was owned by three Chinese state agencies. The company's registration documents show that it is jointly owned by the China Internet Investment Fund, a subsidiary of China National Radio, and Beijing Cultural Investment Development Group. The China Internet Investment Fund was established by the National Internet Information Office and the Ministry of Finance….