NEW YORK -- U.S. pensions, university endowments, and other institutional investors have more than $9 billion invested in private equity and venture capital funds that may have exposure to TikTok's Chinese parent company ByteDance, a new report finds, amid a government push force the divestiture of the social media app to an American owner, or face a ban.
Finance
U.S. public funds invested in TikTok owner ByteDance: report
More than $9bn could be tied to outcome of Washington-TikTok battle
U.S. pension funds with billions of dollars invested in ByteDance, TikTok's Chinese parent, face uncertainty as Washington moves to force ByteDance to sell the social media platform. © Reuters
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