Canada Pension Board Invests in TikTok’s Chinese Parent Firm; App Just Banned on Gov’t Devices Over Security Risks

A woman walks past a building belonging to ByteDance, the parent company of video-sharing app TikTok, in Beijing on Sept. 16, 2020. Greg Baker/AFP via Getty Images

The Canada Pension Plan Investment Board holds investments in ByteDance, the Chinese company whose TikTok video-sharing app was just banned on government-issued devices by Ottawa due to security concerns.

The pension board currently lists ByteDance under its holdings in the “Private Equity Asia” category on its website.