TikTok US Deal Officially Finalized, ByteDance to Retain 19.9% Stake in Joint Venture

BlockBeats News, January 23rd, TikTok announced that it has established TikTok US Data Security Joint Venture LLC. This joint venture will be responsible for data protection, algorithm security, content moderation, and software protection for TikTok in the United States.

The TikTok USDS joint venture is composed of three managing investment parties, namely Silver Lake, Oracle, and MGX, each holding a 15% stake. Other investment parties include the Dell family office; Vastmere Strategic Investments, LLC; Alpha Wave Partners; Revolution, etc. ByteDance retains a 19.9% stake in the joint venture.