TikTok's Chinese owner ByteDance Ltd. said Thursday it has finalized a deal to set up a majority American-owned joint venture, paving the way for the popular short-form video app to continue operating in the United States.The formation of TikTok USDS Joint Venture LLC will conclude the company's yearslong legal battle to avoid a U.S. ban on the app on national security grounds.ByteDance said the new company's mandate is to "secure U.S. user data, apps and the algorithm through comprehensive data privacy and cybersecurity measures."U.S. President Donald Trump welcomed the finalization, sayin…READ FULL ARTICLE
