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ByteDance expected to maintain big role in new US TikTok, sources say
TikTok's China-based owner ByteDance will maintain ownership of TikTok's U.S. business operations and will cede control of the app’s data, content and algorithm to the newly formed joint venture, three sources familiar with the matter said.
ByteDance's bigger-than-expected role in the new TikTok entity lays out the continued and significant involvement of the China-based global tech giant.
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