ByteDance is owned by international investors including Carlyle Group, General Atlantic and Susquehanna, 3/5 of the board are Americans, and the company - TikTo

ByteDance is owned by international investors including Carlyle Group, General Atlantic and Susquehanna, 3/5 of the board are Americans, and the company - TikTok - isn't operated in the US by a Chinese company, the servers are owned by Oracle. Without the deal with Oracle they would have to form an American company for their American operations like every international company has done since the 80s. To use an example from back then, Sony Computer Entertainment started out in Tokyo but expanded to the US. They had to form an American company - Sony Computer Entertainment America. Imagine not doing it this way, every payment in a foreign currency, handling lawsuits, employees, etc. Speaking of employees, given many of them are equity shareholders, if you ban ownership based on nationality, what does that mean for companies with employees all over the world? Simplified example: Remote culture, no office, the 2 co-founders are in China and NY respectively, they own equal shares of the company, it's registered in China and incorporated in the US, there are employees in both places, following all laws of each. Is that a "Chinese company"? Under this law, would the Chinese founder have to sell his share to the American founder in order to continue operating in NY?