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Is it true that Tik Tok holds Huayi Brothers?

As of February 28, 2023, it is not true.

According to the information of official website of Huayi Brothers, Tik Tok and Huayi Brothers are only cooperative, not holding shares.

The film and television works produced by Huayi Brothers have deep cooperation with short video channels such as Tik Tok to jointly explore different ways of playing in film promotion and production.