TikTok finalises U.S.-led joint venture to avert American ban

WASHINGTON, D.C.: After years of regulatory pressure and legal uncertainty, TikTok has secured a path to remain operational in the United States by reshaping its ownership and data governance structure.

TikTok's Chinese parent, ByteDance, said it has finalised an agreement to create a new joint venture majority-owned by American and global investors, a move aimed at preventing a U.S. ban on the short-video platf