All Chinese companies are de facto controlled by the Chinese government, who owns it on paper is meaningless.
We can prevent the abuses of the power by the US government and institutions without surrendering ourselves to CCP controlled institutions that will without doubt use the power against us when the opportunity presents itself.
We should strive to be free of both.
The company is owned by the shareholders as listed in the article. The company doesn’t even operate in China. State specifically what harm TikTok has done to the US.