TikTok has signed agreements with a group of U.S.-based investors to establish a new American joint venture that would oversee data protection and content governance for TikTok’s U.S. operations.
The arrangement follows years of negotiations between TikTok and U.S. officials over national security concerns tied to the app’s Chinese ownership. The Associated Press, citing an internal TikTok memo, reported that TikTok CEO Shou Zi Chew told employees that TikTok had signed an agreement with U.S. investors.
