By Rest of World
Publication Date: 2026-01-23 03:35:00
China’s Byte DanceByte DanceByteDance is a Chinese internet technology company that owns TikTok and Douyin, a Chinese version of TikTok with a successful e-commerce arm.READ MORE has struck a deal with a group of investors to create a new, US-focused TikTok that meets the country’s regulatory requirements.
ByteDance will retain a 19.9% stake in the new TikTok, which will be “majority American-owned,” the Chinese company said in a statement. The new company will have three managing investors – private equity firm Silver Lake, software giant Oracle and Emirati investment firm MGX – each owning 15%. Investors in US-focused TikTok include the Dell Family Office and Yuri and Julia Milner’s Virgo LI.
The joint venture “will operate under defined safeguards that protect national security through comprehensive data protection, algorithm security, content moderation and software guarantees for US users,” according to the…
