TikTok and its Chinese parent ByteDance Ltd. officially established a venture to transfer parts of TikTok’s US business to non-Chinese owners, securing the popular video app’s future in the US and avoiding a nationwide ban.
TikTok and its Chinese parent ByteDance Ltd. officially established a venture to transfer parts of TikTok’s US business to non-Chinese owners, securing the popular video app’s future in the US and avoiding a nationwide ban.