Tik Tok is owned by Bytedance. And Bytedance is considered as one of the most valuable Internet startups using Artificial Intelligence to claim a degree of greater influence on the widening social networks of the world. It is owned by private equity.
Funding from the likes of Sequoia Capital is driving up its valuation. It may become the first Chinese company using Artificial Intelligence to profit from the attractive social-media business in the Western part of the world. Although the company may eventually file for an IPO to further raise its capital, it is privately owned, so that its shares are not publicly traded as of today.