Recently, it was reported that a small company in Xiamen, which was founded less than a month ago, won nearly 99% of Douyin's shares, sparking discussions outside.

(Associated Press)

[Instant News/Comprehensive Report] China's "ByteDance" short video platform "Douyin" has recently changed its equity. The founder and former CEO of ByteDance Zhang Yiming has withdrawn from the ranks of shareholders. A small company in Xiamen that has only been established for more than 20 days It actually won 98.81% of Douyin's shares, which sparked heated discussions outside.

According to comprehensive Chinese media reports, in recent years, the CCP has suppressed domestic capitalists, and many Chinese entrepreneurs "lay flat" and tend to keep a low profile.

According to the data of the Chinese information website "Tianyancha" APP, Zhang Yiming has completely withdrawn from the ranks of shareholders of Douyin, which has a registered capital of 100 million yuan (about NT$448 million), and a new shareholder "Xiamen Xingchen Qidian Technology Co., Ltd." The ratio is as high as 98.81%.

The remaining 1.19% stake is held by Zhang Lidong, the legal representative and executive director of Douyin.

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It is reported that "Xiamen Xingchen Qidian Technology Co., Ltd." was only established on December 30 last year, with a registered capital of only 1 million yuan (about NT$4.48 million). The legal representative is Li Ying, a member of the Communist Party of China.

After the news was exposed, it immediately sparked heated discussions on the Chinese Internet. Many voices questioned "Why can a small company that has only been established for more than 20 days eat up a large company with a registered capital of 100 million?"

As early as 2021, the CCP invested in Douyin in the name of “Wangtou Chinese”, a subsidiary of the official media “CCTV”. Although it held only 1% of the shares at that time, it had a special management equity with “one-vote veto power”, which shows that the CCP has a strong control over video and audio. The control of social platforms is expanded.

Now some netizens point out that "Xiamen Xingchen Qidian Technology Co., Ltd." is actually a shell company set up by the CCP to achieve the purpose of completely controlling Douyin. , the biggest thing in China is by no means capital.”

This incident was also shared today (21st) by famous talker Wang Hao and Du Yijin, founder of PTT "Chuang Shi Shen" and Taiwan Artificial Intelligence Laboratory.

Wang Hao exclaimed on Facebook, "Has Douyin been completely nationalized by the CCP?" Du Yijin said: "Many fake Taiwanese videos before came from Xiamen, which is just across the river from Kinmen. Afterwards, Douyin’s work seems to be very clear. A small company won the world’s largest social platform? Are you surprised? Of course, many people still don’t understand the difference between a planned economy and a free economy, and help the outside world to talk about economic freedom and freedom of speech.”