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Is ByteDance Company owned by China?

China People's Holding Company. The legal representative of ByteDance Co., Ltd. is Zhang Lidong, and the shareholders are Zhang Yiming and Ye Weiwei, holding 98.8 1% and 1. 19% respectively. According to the survey data, Zhang Yiming, the actual controller of the company, holds 98. 1%, and Zhang Lidong, the executive director of the company, holds 1. 19%.