House lawmakers voted to advance a bill that would ban TikTok from US app stores unless the social media platform’s parent, ByteDance, divests the company.
ByteDance Ltd. is a Chinese internet technology company headquartered in Beijing and incorporated in the Cayman Islands.
TikTok Ltd owns four entities that are based respectively in the United States, Australia (which also runs the New Zealand business), United Kingdom (also owns subsidiaries in the European Union), and Singapore (owns operations in Southeast Asia and India).
Thing is that TikTok is a company registered in Singapore.