ByteDance Ltd. is on track for profits of roughly $50 billion in 2025, capping a record year for a Chinese social media leader making major inroads into e-commerce and new markets.The Beijing-based parent company of TikTok is on track to hit that milestone after amassing net income of about $40 billion over the year’s first three quarters,

In a memo to staff reviewed by Reuters, TikTok CEO Shou Zi Chew confirmed that all US data “will be stored in a trusted and secure cloud environment in the United States run by Oracle,” with Oracle ultimately responsible for safeguarding US data.

TikTok's new US joint venture will hand over national-security related tasks to its partners, while ByteDance holds onto key business lines.

A new U.S.-based joint venture would keep TikTok online while handing oversight of its algorithm and data security to some of America’s wealthiest investors.

(THE CONVERSATION) Chinese tech giant ByteDance has signed an agreement to sell a majority stake in its video platform TikTok to a group of U.S. investors. President Donald Trump announced a preliminary agreement for the sale on Sept. 19, 2025, following his negotiation with Chinese leader Xi Jinping.

TikTok employees working for the company’s U.S. Data Security division will be moved under a U.S. joint venture ownership company in January and will no longer be able to receive Restricted Stock Units from TikTik’s Chinese parent company,

The TikTok deal, signed pursuant to an executive order signed by US President Donald Trump on Sept. 25, specifies that the new JV will be majority-owned by US investors, governed by a new seven member majority-US board of directors, and subject to terms that protect local users' data and the country's national security.

A deal made to divest ByteDance's ownership of TikTok in the US has been confirmed. It's expected to be signed in late January.