ByteDance will play a bigger than expected role in the new TikTok entity that is set to be sold to US and global investors to address US national security concerns, three sources familiar with the matter told Reuters, in a new structure that appears to lay out the continued and significant involvement of the China-based global tech giant.
ByteDance will be maintaining ownership of TikTok’s US business operations and will cede control of the app’s data, content and algorithm to the newly formed joint venture, the sources said.
