NYPD, FDNY, teachers and NYC worker pension funds have millions sunk in TikTok parent ByteDance

Source: nypost.com nypost.com

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WASHINGTON – Millions of dollars from US pension funds – including those of New York’s police officers and firefighters – are likely invested in ByteDance, the Chinese-controlled parent company of TikTok that is under a standing order from Congress to sell off the popular social media platform or face its banning. The non-profit investment-watchdog group Future Union has identified 48 pension funds that have entrusted their money with venture capital and private equity firms known to have invested in ByteDance since 2012, according to a new report obtained by The Post Tuesday. Six of the largest are directly tied to...