Earlier quoted context omitted.
I've heard this myth that musical.ly was founded in China before, but it's hard to believe if you look at some basic facts. One cofounder worked full time at SAP in SF bay area for several years before and after musical.ly was founded. The other says on his LinkedIn that he was working in Santa Monica for several years on either side of the founding. They lived, worked, and founded the company in CA.
According to Pitchbook https://pitchbook.com/profiles/company/149415-13 >Primary Office 16/F, No. 127 Guodao Road, Yangpu District, Shanghai China musical.ly appears to have always had its head office in Shanghai until the acquisition. The fact that it also had significant operations in California doesn't make it a US company. Only those operations are subject to US law and would have to be divested due to disapprova…
That's not true. I have not found a specific date, but the Shanghai office did not exist at the time musical.ly was founded. I have not found any references to the Shanghai office from before late 2015.