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By Rodrigo Santos Andrade
TikTok’s US future secured with new joint venture and American CEO
visibility comment0 event January 23, 2026 timer 05:34
TikTok’s future in the US has been secured after establishing a joint venture that acquired the video app’s US assets. Adam Presser will be the new CEO of the American-owned joint venture, while TikTok CEO Chew Shou Zi will be a director.
ByteDance retains 19.9 per cent ownership and control over business lines like e-commerce and ads. Investors like Silver Lake, Oracle, and MGX will own 15 per cent each as managing investors. The deal addresses US national security concerns about potential Chinese government influence over TikTok’s user data. https://cna.asia/3NvNpWV
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