TikTok, the popular short-video platform, is owned by Beijing-based tech giant ByteDance. ByteDance’s corporate structure is complex and involves multiple companies both inside and outside of China. As a result, it is difficult to determine who owns TikTok stock and what percentage of the company each investor holds.
ByteDance was founded in 2012 by Chinese entrepreneur Zhang Yiming and has since become one of the most valuable tech startups in the world. Its flagship product is TikTok, a short-video platform that has become extremely popular among young people. In addition to TikTok, ByteDance also owns other popular apps such as Toutiao (a news aggregator) and Douyin (a Chinese version of TikTok).
ByteDance’s primary investors include SoftBank, KKR & Co., General Atlantic, Sequoia Capital China, Primavera Capital Group, Coatue Management LLC, Hillhouse Capital Management Ltd., and GGV Capital. These investors have collectively injected billions of dollars into ByteDance to help fuel its growth. It is unclear how much each individual investor holds in terms of equity stake in the company.
In 2019, ByteDance raised $3 billion from SoftBank at a reported valuation of $75 billion. This investment made SoftBank one of the largest shareholders in ByteDance and it is likely that they are still one of the largest holders of TikTok stock today. It is also possible that some of the other investors mentioned above have increased their stake in the company since then as well.
In 2020, ByteDance received a $5 billion investment from Oracle Corp which helped to further increase its valuation to an estimated $140 billion. While Oracle does not have an equity stake in the company per se, it does own 20 percent of TikTok’s U.S.-based operations as part of this deal which makes it an indirect holder of TikTok stock as well.
It is clear that ByteDance’s ownership structure is complex and involves multiple investors both inside and outside China who hold varying degrees of equity stake in the company. While SoftBank appears to be one of the largest shareholders currently holding TikTok stock, there are likely other investors who have also increased their stakes since 2019 when ByteDance was last valued at $75 billion.
In conclusion, it can be said that while SoftBank appears to be one of the biggest shareholders currently holding TikTok stock with an estimated equity stake worth billions of dollars, there are likely other investors who have also increased their stakes since 2019 when ByteDance was last valued at $75 billion. It is difficult to determine exactly who owns what portion of TikTok stock because its ownership structure involves multiple companies both inside and outside China making it complex to decipher accurately.