TikTok forms U.S. joint venture, names a CEO
Published Thu, Jan 22 2026
7:54 PM EST
Jonathan Vanian@in/jonathan-vanian-b704432/WATCH LIVEKey Points
- TikTok said Thursday that it officially formed a joint venture that will keep the video-sharing app operating in the United States.
The TikTok USDS (U.S. Data Security) logo appears on a smartphone screen in this illustration photo in Reno, United States, on Dec. 19, 2025.
Jaque Silva | Nurphoto | Getty Images
TikTok said Thursday that it formed a joint venture that will keep the video-sharing app operating in the United States.
The short-form video company said that Adam Presser will be the CEO of TikTok USDS Joint Venture, while TikTok CEO Shou Chew will be a director. Presser was previously TikTok's head of operations and trust and safety.
The U.S.-based joint venture will operate as an "independent entity," TikTok said in its announcement. The joint venture will be governed by a seven-member board of directors, the majority of which are American. TikTok parent ByteDance will retain 19.9% of the new newly created joint venture, the company said. Chew revealed the name of TikTok's U.S. entity to employees in December, CNBC reported.
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