Weird perception of giving money to China while saying China bad. The ultimate owners of tiktok is ByteDance - and it is less clear who the owners of ByteDance are. Who owns tiktok: <a href="https://edition.cnn.com/2024/03/18/tech/tiktok-bytedance-china-ownership-intl-hnk/index.html" rel="nofollow">https://edition.cnn.com/2024/03/18/tech/tiktok-bytedance-chi...</a><p>As a New Zealander, the whole debacle appears just like just another normal contradictory US narrative.<p>Edit: and the concept of a wealth fund implies either:<p>(1) the US investing in foreign non-US shares - most sovereign wealth funds invest in US and offshore, or<p>(2) a fund that self-invests within the country - often non-capitalistic (e.g. invest for government policy initiatives) or crony.