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UAE’s G42 buys $100 million share in China's ByteDance, parent of TikTok

ByteDance, the parent company of TikTok, has seen its value fluctuate, predominantly due to investor uncertainty caused by a possible ban on TikTok in the United States. 

Salim A. Essaid
Salim A. Essaid
Mar 15, 2023
People walk past the headquarters of ByteDance, the parent company of video sharing app TikTok, in Beijing on September 16, 2020. - Silicon Valley tech giant Oracle is "very close" to sealing a deal to become the US partner to Chinese-owned video app TikTok to avert a ban in the United States, President Donald Trump said on September 15. (Photo by GREG BAKER/AFP via Getty Images)
People walk past the headquarters of ByteDance, the parent company of video-sharing app TikTok, in Beijing on Sept. 16, 2020. — REG BAKER/AFP via Getty Images

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