Who Owns TikTok Now? ByteDance and the U.S. Venture Explained

The article discusses the current ownership of TikTok, a popular social media platform, and its connection to ByteDance, a Chinese technology company. The U.S. venture of TikTok has raised questions about its ownership and operation, given the company's ties to China. The article aims to explain the relationship between ByteDance and TikTok's U.S. operations.

The ownership of TikTok matters for social commerce as it affects the platform's ability to facilitate online shopping and influencer marketing. TikTok has been expanding its e-commerce features, including the introduction of TikTok Shop, which allows users to purchase products directly from the app. The platform's ownership and operation are crucial to its continued growth and success in the social commerce space.