
TikTok’s Chinese owner, ByteDance, finalized a deal on Thursday to set up a majority American-owned joint venture company that will avoid a U.S. ban on the popular video-sharing app used by more than 200 million Americans.

TikTok’s Chinese owner, ByteDance, finalized a deal on Thursday to set up a majority American-owned joint venture company that will avoid a U.S. ban on the popular video-sharing app used by more than 200 million Americans.