Published on 21 Mar 2023 on Fortune via Yahoo Finance
ByteDance releases first public update to corporate structure since 2020, days before U.S. lawmakers...
ByteDance, the Chinese tech company that owns TikTok, has released a public update to its corporate structure days before TikTok's CEO is set to appear in Washington to answer lawmakers' questions about the social media app's data practices and its ties to China's government.
A new chart posted on the ByteDance website depicts the various corporate entities within the organization, along with the global locations in which they're incorporated. The chart, titled "Corporate Structure," shows TikTok Ltd as one of seven subsidiaries of the Cayman islands-based ByteDance Ltd.
The chart was posted on the site on March 15, according to a Fortune review of the ByteDance website on the internet archives. ByteDance's site describes the chart as a diagram of the company's corporate structure, principal subsidiaries, and variable interest entities as of Feb. 2, 2023.