and group, general atlantic and international group. group, generalatlantic and international group.er 20% is owned by tiktok employees around the world while only the remaining 20% is owned by bytedance chinese founder. still, that has been enough to convince lawmakers and they have at least two other reasons for that. under chinese law, chinese companies, bytedance included, must have an in—house group of employees who are communist party members and there is also a golden share system in place whereby the chinese government, has been taken and influential 1% stake in key subsidiaries in data rich companies. regardless of who is wrong and who is right, about control over bytedance, tiktok is all the rage right now, one of the world's most downloaded apps and its viral videos have captured the short attention span of an entire generation. it's no wonder then that its owners are fighting tooth and nail against breaking up the tech giant. you can find more of an entire generation. it's no wonder then that its owners are fighting tooth and nail against breaking up the tech giant. you c