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Chinese government has a golden shares deal with Bytedance granting their 1% ownership the ability to nominate a board seat. https://markets.businessinsider.co
by roskelld 2y ago
Chinese government has a golden shares deal with Bytedance granting their 1% ownership the ability to nominate a board seat.
https://markets.businessinsider.com/news/stocks/tiktok-ban-bytedance-golden-shares-chinese-government-communist-party-board-2023-3?op=1 https://markets.businessinsider.com/news/stocks/tiktok-ban-b...
- Leary 2y agoThat 1% golden share is in Douyin, the Chinese subsidiary of ByteDance, not ByteDance or Tiktok.