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Why do TikTok's lip-syncing teenagers alarm Donald Trump?

Concern over ByteDance seems odd compared with more aggressive China actions

Bytedance, the $150 billion Chinese unicorn behind TikTok is already among the world's most valuable private companies.   © Reuters

When a handful of China's top entrepreneurs and investors caught up on Zoom earlier this year to swap notes about the changing tech landscape, among the speakers was ByteDance founder Zhang Yiming.

Founded in 2012, the $150 billion unicorn behind TikTok is already among the world's most valuable private companies. And when it comes to global aspirations, Zhang's creation is by far the most successful company to come out of mainland China in years.

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