TechFlow News, January 23: According to JINSHI Data, TikTok announced on January 23 that it has established TikTok US Data Security Joint Venture LLC. This joint venture will be responsible for data protection, algorithm security, content moderation, and software assurance for TikTok’s U.S. operations. According to the announcement, Oracle, Silver Lake, and MGX each hold a 15% stake in the TikTok US Data Security Joint Venture. Other investors include Vastmere Strategic Investment LLC—a subsidiary of Susquehanna International Group—and Alpha Wave Partners, among others. ByteDance retains a 19.9% stake and remains the largest single shareholder in the joint venture. The joint venture will be governed by a seven-member board of directors, including TikTok CEO Shouzi Chew. (Yi Cai)
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