TikTok has introduced a new set of U.S. Terms of Service, just as the United States and China have finalized a deal reshaping ownership of the platform for American users.

TikTok's Chinese owner, ByteDance, on Thursday said it has finalized a deal to establish a majority American-owned joint venture that will secure U.S. data, to avoid a U.S. ban on the short video app ...

The agreement foresees American and global investors to holding 80.1% of the venture while ByteDance will own 19.9%.