John Moolenaar: “It allows ownership only up to 20% for Chinese entity…”

“Well, I think it's important that we note that the law requires a divestment and getting the Chinese Communist Party control away from the app as well as the algorithm. And It allows ownership only up to 20% for Chinese entity ByteDance. And to me, it's very important that that's carried out. We don't know all the specifics of this, but we know that American companies are very interested in participating.” (01:32–01:38)

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