[im-poor]

This is such a bad idea for the banks. ByteDance has plenty of money. This is a political move to create domestic impact if the U.S. ever wants to ban TikTok again, which almost happened under Trump.

[varsketiz]

Not sure why this is being downvoted?

It makes sense to me that ByteDance wants non-China banks to have skin in the game and share the risk that way.