Susquehanna's Strategic Investment Paves the Way for ByteDance's Rise
Before Jeff Yass cemented his status as a prominent Republican megadonor, his trading firm Susquehanna International Group made a prescient investment in a Chinese real estate start-up, 99Fang, known for its advanced search algorithm. This early foray into the Chinese market set the stage for a series of events leading to the creation of ByteDance, the parent company of the global social media phenomenon TikTok.
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