Venture investors in TikTok parent ByteDance Ltd have approached Zhang with a range of proposals to address US concerns that the short-video app is a security threat, according to sources. — Reuters
Zhang Yiming is the little-known Chinese entrepreneur who built TikTok into one of the most promising franchises on the Internet. Now the brainy, combative founder is under pressure to save the business from Trump administration threats.
Venture investors in TikTok parent ByteDance Ltd have approached Zhang with a range of proposals to address US concerns that the short-video app is a security threat, according to people familiar with the matter. They include selling a majority stake in TikTok to American interests, perhaps strategic investors or the venture firms themselves, said the people, asking not to be identified because the talks are private.
Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.
