On the morning of September 26, 2025, U.S. President Trump issued an executive order, declaring that the updated operational blueprint for TikTok in the United States aligns with U.S. legal standards, thereby permitting TikTok to maintain its presence in the American market. As outlined in the strategy, a joint venture dubbed the 'TikTok USDS Joint Venture' (TikTok U.S. Data Security Joint Venture) will be formed, with a specific focus on safeguarding TikTok's data integrity and content security within the United States. This venture boasts a valuation of $14 billion. The framework encompasses two primary entities: BD TikTok US, a wholly-owned subsidiary of ByteDance, tasked with overseeing TikTok's commercial endeavors and associated operational tasks in the U.S.; and the TikTok U.S. Data Security Joint Venture, which will shoulder the responsibility for TikTok's data security, content safeguarding, software verification, and pertinent local operations across the United States. ByteDance will retain a 19.9% equity stake in the joint venture, solidifying its position as the largest individual shareholder. Additionally, ByteDance will preserve its intellectual property rights over TikTok's algorithm and grant the joint venture the right to utilize it within the U.S. through an intellectual property licensing agreement, for which a licensing fee will be levied.