One possible solution would be a split of Douyin vs TikTok Global where Bytedance shareholders who are foreign flip into shares in TikTok and Chinese domiciled shareholders flip into shares in Douyin using some agreed ratios so that Douyin ends up with pure Chinese shareholding and minimum allowable foreign shareholding and local listable legal structure allowing it to go for listing in China on STAR vs TikTok ends up with majority foreign shareholder base and minority Chinese and similar BoD and goes for NASDAQ. I can see TikTok getting a European domicile or possibly Singapore as a more acceptable to outright move to US. However it would have to also address the software and algorithm and where the software team is based going forward otherwise all this legal structuring could be for nought.