BYTE is a Chinese company: it is co-managed by the CCP by definition and the CCP can and has been able to override the company leadership at anytime it sees fit. Investors knew about this risk from day one and knew that any invested capital would be under effective CCP management. In practice, the CCP has an interest in the growth of the company, however state priorities, like intelligence gathering have precedence.

No one/company should have any expectation of privacy or security when doing business with any company operating in China, Hong Kong, or Macau.