TikTok officially establishes a data security company in the United States.

The reporter of the Science and Technology Innovation Board Daily learned that TikTok has established TikTok USDS Joint Venture LLC in the United States. This joint venture company will be responsible for data protection, algorithm security, content review, and software security of TikTok in the United States. Jiameng Culture, Silver Lake Capital, and MGX each hold 15% of the shares, and other investors include various companies such as Vastmere Strategic Investment Limited Liability Company affiliated with Haina International Group and Alpha Wave Partners. ByteDance retains a 19.9% stake, making it the largest single shareholder of the joint venture company. The joint venture company will also be managed by a seven-member board of directors, including TikTok CEO Zhang Yiming. ByteDance continues to own the intellectual property rights of the TikTok algorithm and authorizes the joint venture company to use it, which means the TikTok US plan has officially landed. The announcement also mentioned that TikTok US will be responsible for e-commerce, advertising, marketing, and other commercial activities, as well as the interconnection of TikTok's global products. It is understood that this company is wholly owned by ByteDance. This article is reproduced from Cai Liang Society AI daily, edited by GMTEight: Chen Wenfang.