ByteDance is best known as the owner of the global short-video and shopping platform TikTok. It also operates the similar Douyin app in China. Both apps have skyrocketed in popularity in recent years, especially among younger people. ByteDance has been the focus of strained relations between China and the West, with policymakers in the US, Canada and Europe expressing concern that TikTok's Chinese ownership puts sensitive user data within reach of the Chinese government.