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TikTok sets up USDS joint venture under Trump executive order

( January 23, 2026, 03:48 GMT | Official Statement) -- MLex Summary: The new TikTok USDS joint venture was established on Thursday, in compliance with President Donald Trump's Executive Order dated Sept. 25, 2025. According to a company announcement, the joint venture will safeguard US user data, apps and its algorithm through robust data privacy and cybersecurity measures. American and global investors — including private equity firm Silver Lake, cloud services provider Oracle and Abu Dhabi-based MGX — will hold an 80.1 percent stake, while ByteDance will retain 19.9 percent. Separately, TikTok Global’s US entities, owned by ByteDance, will oversee global product interoperability and certain commercial functions such as e-commerce, advertising and marketing.Statement follows. ...

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