It is said that investors urge byte jump to sell tiktok majority equity, Zhang Yiming refuses

category:Internet
 It is said that investors urge byte jump to sell tiktok majority equity, Zhang Yiming refuses


The global strategy of byte beating is facing unprecedented challenges.

According to a person involved in the consultation, the proposal has been discussed for months, repeated several times and repeatedly, and the candidates include a group of venture capital companies or strategic partners to buy additional equity.

In this regard, byte beat to surging news reporters said, on market rumors, do not comment. Sequoia Capital also did not comment.

Tiktok is a short video application dedicated to overseas market under byte hop. Since its launch in 2018, tiktok has become one of the most popular applications in the world. According to SensorTower data, the TikTok tiktok and the global downloading of the chattering have exceeded 2 billion times in April 2020.

In the Indian market, the local government announced on June 29 that 59 Chinese apps, including tiktok and wechat, were banned for security reasons. In the U.S., on July 8, according to a report by Bloomberg, U.S. President trump said his ruling team was considering banning tiktok in the United States.

In this context, it is very difficult for byte jitter to continue to gain a foothold in overseas markets.

Earlier, according to the Wall Street Journal, executives inside byte hop are rapidly building a new company structure and taking other measures to separate tiktok from its parent company. Options include setting up tiktok headquarters overseas (the company has major offices in the United States, the United Kingdom, India and Singapore), and establishing an independent board of directors between byte hop and its overseas subsidiary tiktok. According to the latest news, venture capitalists want Zhang Yiming to sell a majority stake in tiktok. The obstacle to the plan is that Zhang wants to keep control of tiktok, and the price is also an issue, according to the news agency. A person familiar with the matter said it was unclear whether venture investors, including transatlantic and Softbank, could raise enough money to buy a majority stake in the company at a price satisfactory to Zhang. Source: surging news editor: Wang Fengzhi_ NT2541

Earlier, according to the Wall Street Journal, executives inside byte hop are rapidly building a new company structure and taking other measures to separate tiktok from its parent company. Options include setting up tiktok headquarters overseas (the company has major offices in the United States, the United Kingdom, India and Singapore), and establishing an independent board of directors between byte hop and its overseas subsidiary tiktok.

According to the latest news, venture capitalists want Zhang Yiming to sell a majority stake in tiktok.

The obstacle to the plan is that Zhang wants to keep control of tiktok, and the price is also an issue, according to the news agency. A person familiar with the matter said it was unclear whether venture investors, including transatlantic and Softbank, could raise enough money to buy a majority stake in the company at a price satisfactory to Zhang.