Since rumors are flying everywhere, in order to avoid misleading the public with false rumors, ByteDance officials took the initiative to issue explanations on several false rumors.

From the time when the United States began banning TikTok to forcing ByteDance to sell related products to US-owned companies, rumors have been flying all over the place.

In various forums, false news about ByteDance's sliding and kneeling in seconds has caused a big wave of rhythm.

The mood of the people also fluctuated with the speed of the pacemaker, from instantaneous cursing to later cynicism, from the so-called favorability of passers-by dropping to rock bottom, to feeling extremely disappointed with this company, and even shouting in high spirits.

Let the relevant person in charge of ByteDance stay away from the radical remarks of this land.

Most people don't know the specific process. They are just led by people with ulterior motives in the forum. They are black for the sake of being black and lose their normal ability to judge.

Rumor 1 The main shareholders of tiptok global are American investors, and ByteDance will lose control of tiktok.

TikTok Global has always been headquartered in the United States. It is a subsidiary of ByteDance, and ByteDance holds 100% of its shares and has control over it.

The board of directors includes its founder and current directors, as well as the CEO of Walmart.

After a small-scale pre-IPO financing round will be launched in the future, it will become a subsidiary with 80% of its shares held by Tongdong.

This clearly shows that ByteDance is only cooperating with Walmart and Oracle, and will not lose actual control.

Rumor 2: Oracle may use and possess TikTok’s source code.

The current plan does not involve the transfer of any algorithms or technology, and Oracle has security inspection rights over the source code of TikTok in the United States.

Showing source code is a common solution for multinational companies facing local data security concerns.

The United States once hinted that TikTok may leak the privacy and security of local people, that is, American people. The current approach is to allow relevant experts to view the source code of products and services to detect their security.

The core algorithm is firmly in your own hands and will not be transferred.

Rumors also include that TikTok will set up a US$5 billion education fund in the United States.

ByteDance also quickly clarified: This is also the first time we have heard about the US$5 billion education fund in the news.

The company has been committed to investing in the education field, and also plans to work with its partners and global shareholders to launch online classroom projects based on AI and video technology for students around the world.