TikTok signs deal for U.S. unit
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6hon MSN
TikTok deal will let it keep operating in the US but means a makeover for its secret algorithm
The new arrangement will mean changes to TikTok’s algorithm, the secret sauce that powers its addictive video feed.
ByteDance, TikTok's owner, has reached an agreement with major investors to form a joint venture for operating TikTok in the U.S., aiming to prevent a government ban. The deal involves investors like Oracle and Silver Lake,
A billionaire investor keen on buying TikTok's US operations has told the BBC he has been left in limbo as the latest deadline for the app's sale looms. The US has repeatedly delayed the date by which the platform's Chinese owner, ByteDance, must sell or be blocked for American users.
ByteDance tops rivals Meituan and Alibaba in recruitments this year, according to professional social networking platform Maimai.