ByteDance's US Backers Say China Growth to Counter Any TikTok Ban Damage

“Most people still don’t grasp the scale of ByteDance’s China business, or how small the US actually is in the bigger picture,” said Mitchell Green, founder of Lead Edge Capital, an American firm so bullish on the Chinese tech giant that it bought more stock after former President Joe Biden signed the law last April that would eventually ban TikTok.

ByteDance has a sprawling suite of other popular apps in China, like news platform Toutiao and an AI business rivaling DeepSeek called Doubao, which built a chatbot similar to ChatGPT. Green believes Douyin has potential to rival e-commerce giants like Alibaba, JD.com Inc., and Temu-parent PDD Holdings Inc., and pointed out that ByteDance has also built China’s largest advertising business. “ByteDance remains a compelling investment case regardless” of what happens to TikTok, he added.