TikTok's owner, ByteDance, secured a deal for a US-majority owned joint venture to protect user data and prevent a ban on the ...
The remainder of the TikTok US team — in ecommerce, advertising and marketing — will remain under ByteDance. In early January ...
TikTok has officially established a US entity with three managing investors: Oracle Corp., private equity firm Silver Lake Management LLC, and Abu Dhabi-based investment company MGX.
TikTok’s Chinese owner, ByteDance, finalised a deal on Jan 22 to set up a majority American-owned joint venture company. Read ...
The arrangement shifts U.S. data control and operations domestically to address national security concerns.