Overview
- TikTok created the TikTok US Data Security Joint Venture LLC to run U.S. data protection, algorithm security, content review, and software safeguards.
- Oracle, Silver Lake, and MGX each hold 15% of the joint venture, ByteDance retains 19.9% as the largest single shareholder, and other investors include Vastmere Strategic Investment and Alpha Wave Partners.
- A seven‑member board will govern the venture with TikTok CEO Shou Zi Chew among its directors, and Adam Presser has been appointed to lead the new entity, according to an internal memo.
- Separately, a ByteDance‑wholly owned U.S. company will manage e‑commerce, advertising, marketing, and global product interconnectivity to sustain a familiar experience for users and 7.5 million U.S. businesses.
- TikTok says the arrangement implements its U.S. plan so more than 200 million U.S. users can continue using the app, with the CEO memo citing a majority U.S.-capital ownership and a Sept. 25, 2025 executive order as the basis.