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TikTok signs binding deal to create US joint venture controlled by American investors

Jingyue Hsiao, DIGITIMES Asia, Taipei 0

Credit: AFP

TikTok and its parent company, ByteDance, have signed binding agreements to create a new US-based joint venture that will be majority-owned and controlled by American investors, TikTok CEO Shou Chew said in an internal memo to employees. The transaction,...

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