TikTok Establishes US Data Security Venture with Oracle and Silver Lake

New Data Security Structure Takes Shape

On January 23rd, Beijing time, TikTok announced the formation of a new data security joint venture in the US, marking a significant step forward in its US market strategy. The venture will focus on data protection, algorithm security, content moderation, and software integrity.

Shareholder Breakdown Revealed

According to the announcement, Oracle, Silver Lake, and MGX each hold a 15% stake. Additional investors include Vastmere Strategic Investment LLC and Alpha Wave Partners. ByteDance retains a 19.9% ownership, making it the largest single shareholder.

Governance and Roadmap

• The board will consist of seven members, including TikTok CEO Shou Zi Chew.
• The company will ensure secure, compliant storage and handling of US user data.
• This move is seen as a strategic response to regulatory pressures.