Pension Funds Linked to ByteDance Investments Put Millions at Risk in US Market
WASHINGTON — The Chinese-controlled parent company of TikTok, ByteDance, is facing scrutiny as it has been revealed that millions of dollars from US pension funds, including those of New York’s police officers and firefighters, are likely invested in the company. Congress has ordered ByteDance to sell off TikTok or face a ban, prompting concerns about the implications of such investments. A new report by the non-profit investment-watchdog group Future Union has identified 48 pension funds …