China News Service, Beijing, September 21. ByteDance issued an official statement on the 21st, responding to rumors about its control, source code, taxation, and education funds.
Bytedance said that TikTok Global is currently a 100%-owned subsidiary of Bytedance. After completing the Pre-IPO financing, TikTok Global will become a holding subsidiary of Bytedance holding 80%.
At the same time, TikTok Global's board of directors includes the founder of Bytedance and current directors of Bytedance, as well as the CEO of Walmart.
This means that under this cooperation plan, Bytedance will not lose control of TikTok.
In response to the rumors of the source code, Bytedance said that the current plan does not involve the transfer of any algorithms and technologies.
Oracle has security inspection authority over the source code of TikTok's US business.
It is reported that displaying the source code is a universal solution for multinational companies to face local data security concerns.
In 2016, Microsoft established a Technology Transparency Center in Beijing. Chinese technical experts can view the source code of Microsoft products and services to test their security; in 2019, Cisco opened a technology verification service center in Bonn, Germany, to provide information security to the German Federal The bureau publicly verifies whether its 5G source code is compliant.
In response to the rumors of $5 billion in taxes, ByteDance said that this is only a prediction of the corporate income tax and other operating taxes that TikTok will need to pay for its business development in the next few years.
The actual tax amount also depends on the actual situation of business development and the tax structure of the United States.
The tax forecast has nothing to do with this cooperation plan.
In response to the rumors of the education fund, ByteDance said that the company has been committed to investing in the education field and plans to work with partners and global shareholders to launch online classroom projects based on AI and video technology for students around the world.
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