TikTok row: US joint venture deal signed to avert Chinese ownership ban; ByteDance’s stake capped at 19.9%
TikTok has signed a joint venture agreement with major investors to keep its platform running in the United States and avoid a potential ban linked to its Chinese ownership, according to an internal memo seen by news agency AFP.TikTok chief executive Shou Zi Chew told employees that the company and its parent ByteDance have agreed…