TikTok officially announced its US plan: joint operation by the two companies, with ByteDance retaining intellectual property rights to the algorithm.

TikTok announced the establishment of TikTok USDS Joint Venture LLC. Capital, Silver Lake, and MGX each hold a 15% stake. Other investors include Vastmere Strategic Investment LLC (an affiliate of SIG International Group), Alpha Wave Partners, and several other companies. ByteDance retains a 19.9% ​​stake, remaining the largest single shareholder. The joint venture will be managed by a seven-member board of directors, including TikTok CEO Shou Zi Chew.