Annabelle Droolers

We've got TikTok and ByteDance that have established that JV to transfer parts of TikTok's US business to non-Chinese owners.

And so as part of that deal, you're going to get essentially a newly created US entity.

And we've actually already been hearing that staff within the US had already been starting to be split into these teams just in the last few weeks.

So essentially just creating a bit of a firewall around what happens in the States.

We've got TikTok and ByteDance that have established that JV to transfer parts of TikTok's US business to non-Chinese owners.

And so as part of that deal, you're going to get essentially a newly created US entity.

And we've actually already been hearing that staff within the US had already been starting to be split into these teams just in the last few weeks.

So essentially just creating a bit of a firewall around what happens in the States.

We've got TikTok and ByteDance that have established that JV to transfer parts of TikTok's U.S.

business to non-Chinese owners.

And so as part of that deal, you're going to get essentially a newly created U.S.

entity.

And we've actually already been hearing that staff within the U.S.

had already been starting to be split into these teams just in the last few weeks.

So essentially just creating a bit of a firewall around what happens in the States.