UAE spy chief buys stake in TikTok firm

The UAE’s spy chief has taken a stake in TikTok’s Chinese parent company as Abu Dhabi’s royal family grows its influence in the technology sector.

West Asian investor G42, controlled by Sheikh Tahnoon bin Zayed al Nahyan, snapped up a $100 million stake in Bytedance.

Sheikh Tahnoon is the younger brother of Sheikh Mohamed bin Zayed al Nahyan, the kingdom’s heir apparent, and serves as the state’s top security official.