TikTok seals U.S. joint venture: Here's what you need to know

Tik Tok says it has now officially formed a joint venture to keep the app operating in the US. Our Ununice Yun joins us now from Beijing with more. The day has finally come.Ununice, >> that's right, Carl. It's been several years. Tik Tok and its Chinese parent, Bite Dance, say that this US entity is in line with President Trump's executive order back in September.So, this entity is majority Americanowned. It has three managing investors. that includes Oracle, Silverlake, and Abu Dami's um MGX.Each has a 15% ...