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š±Tech: TikTok sells U.S. business
Also: thank you for reading Signpost in 2025.

Analysing meaning and power through language.
Hi Signposter. Itās the end of the year as we know it. And I feel fine. Truly. In fact, I feel better than I did when I started writing Signpost in January. A big, difficult goal I had given myself was to write once a week this year, which, Iām proud to announce, is what I did.
This is Issue 52 of Signpost. Thank you for sticking around.
The main focus for this week, the final week of 2025, will be the internal memo sent out by TikTok CEO Shou Zi Chew announcing the sale of the U.S. business of TikTok. Weāll read between the lines to unlock what it means, and answer the most important question of all for those of us in Singapore: what does this mean for Chew?
I first wrote about TikTokās challenges in the U.S. back in January, and did a quick follow up specifically about Chew in February. Full disclosure once again ā I worked at TikTokās Singapore office for four years between 2020 and 2024.
Now, almost six years after a ban on TikTok was first put forward in the U.S., an end to this saga has swum into view. Below is what Chew had to say about it to current U.S. employees.
THIS WEEK
š±TikTok - Internal memo from Shou Zi Chew to TikTok employees
Here is the entire text of the internal memo, verbatim from Business Insider, with specific words and phrases highlighted for semiotic analysis below:
I am pleased to share some great news. We have signed agreements with investors regarding a new TikTok US joint venture, enabling over 170 million Americans to continue discovering a world of endless possibilities as part of a vital global community.
I want to take this opportunity to thank you for your continued dedication and tireless work. Your efforts keep us operating at the highest level and will ensure that TikTok continues to grow and thrive in the US and around the world.
With these agreements in place, our focus must stay where it's always beenāfirmly on delivering for our users, creators, businesses and the global TikTok community.
There's more work to be done as we move towards the closing date of January 22, 2026. Within this timeframe, we will continue to update you on the process and other details.
In the meantime, I have outlined key terms of the agreements below.
ByteDance and TikTok have signed binding agreements with three managing investors, Oracle Corporation, Silver Lake, and MGX, to form a new TikTok US joint venture named TikTok USDS Joint Venture LLC. Pursuant to the Executive Order signed by US President Donald J. Trump on September 25, 2025, the agreements specify that the US joint venture will be majority owned by American investors, governed by a new seven-member majority-American board of directors, and subject to terms that protect Americans' data and US national security.
Specifically, the US joint venture will be 50% held by a consortium of new investors, including Oracle, Silver Lake and MGX with 15% each; 30.1% held by affiliates of certain existing investors of ByteDance; and 19.9% will be retained by ByteDance.
Through comprehensive security measures, more than 170 million Americans will continue to discover, create, and connect on the platform, enjoying the same experience as today. Advertisers will continue to connect with global audiences with no impact.
The US joint venture will be responsible for US data protection, algorithm security, content moderation, and software assurance. It will also have the exclusive right and authority to provide assurances that content, software, and data for American users is secure. A trusted security partner will be responsible for auditing and validating compliance with the agreed upon National Security Terms, and Oracle will be the trusted security partner upon completion of the transaction.
The US joint venture will oversee:
Data Protection: safeguarding sensitive US user data, which will be stored in a trusted and secure cloud environment in the United States run by Oracle.
Algorithm Security: retraining the content recommendation algorithm on US user data to ensure the content feed is free from outside manipulation.
Content Moderation: ultimate decision-making authority for reviewing and approving all content moderation and related policies within the United States.
Software Assurance: deployment and integrity of the US application software and platform.
The transaction will be completed no later than 120 days from the date of the Executive Order. Upon the closing, the US joint venture, built on the foundation of the current TikTok US Data Security (USDS) organization, will operate as an independent entity with authority over US data protection, algorithm security, content moderation and software assurance, while TikTok global's US entities will manage global product interoperability and certain commercial activities, including e-commerce, advertising, and marketing.
CONTEXT
1ļøā£ What is happening?
TikTokās position in the U.S., and perhaps the world, is unique. It is the very first truly global consumer tech platform that originated outside of the United States. The only other truly global non-American consumer-facing tech platform I can think of is Spotify, which began in Sweden. TikTokās explosive global growth was catalysed by Covid, and with that came scrutiny. Because China, unlike Sweden, is not a friend of America.
India banned TikTok in 2020, pre-empting a ban in the U.S. where rumblings of exploited-safety-backdoors-of-U.S.-user-data-by-the-Communist-Party-of-China had already begun. Yet it took another four years for an actual U.S. ban to be put into place, before the ban was enacted in January 2025⦠for one day.
Following U.S. president Donald Trumpās inauguration as the 47th president of the United States one day after the ban, TikTok was back online. In the proceeding 12 months, several discussions between many rich and powerful people took place, resulting in last weekās announcement of TikTokās U.S. business being sold to a rag-tag team of misfits and neāer-do-wells⦠okay no, but itās being sold to a consortium of some of the most eye-wateringly rich people on the planet. Specifically, 50% of this new joint venture will be sold to Oracle, Silver Lake, and MGX (an Abu Dhabi-based investor), amongst others.
2ļøā£ What was written, and to whom?
Chewās memo is internal, meaning this was meant only for TikTok employees in the United States. So, obviously, it was leaked to the media. Having worked with the comms team in TikTok for a while, I can only conjecture that the memo was written by the PR team, in conjunction with the legal team, investor relations team, and government relations team, along with input from Chew himself.
ANALYSING THE TEXT
Words / Phrases | What it Says | What it Means |
|---|---|---|
great news | good news for everyone | good news for those involved specifically in the deal making |
agreements with investors | several investors are ready to do business with TikTok | TikTok is not putting all their eggs in one basket |
a new TikTok US joint venture | a new entity for TikTok in the U.S. | a new entity for TikTok in the U.S. that is not majority-owned by any single investor |
There's more work to be done / signed binding agreements | TikTok is still working out some details but the agreements are binding | this is definitely happening and TikTok will do everything they can to push this through |
US joint venture will be majority owned by American investors | the U.S. TikTok entity will be owned by Americans | but that does not mean there will be no non-American minority owners |
19.9% will be retained by ByteDance | ByteDance will retain almost 20% of the new entity | ByteDance is the single largest shareholder of the new entity |
Advertisers will continue to connect with global audiences with no impact. | advertisers on the platform will continue to use it as before | TikTok employees must tell their clients that nothing changes for advertisers; itās business as usual |
Oracle will be the trusted security partner | American tech company Oracle will handle auditing and data compliance of the new entity | Trump mega-supporter and Oracle co-founder Larry Ellison has outbid his tech peers to the job |
free from outside manipulation | there will be no more complaints of China-based manipulation of the TikTok app | but the same guarantees do not exist for manipulation of the app from within the United States |
DECONSTRUCTING THE TEXT
šļø Unlocking Meaning
I said earlier that the memo is written with deep consultation across teams. It reads as if different teams wrote different sections of the memo and they simply Frankensteined everything together for the final result. What begins as a usual emotionless PR exercise (āI am pleased to share some great newsā) quickly turns into very precise legalease (āPursuant to the Executive Orderā) before switching back and forth. If youāve seen Chew on his TikTok channel, this sounds nothing like him. The update is a legal corporate entity structured to answer questions that have been rattling around Congress in the United States for half a decade. However āpleasedā Chew may be, heās likely more relieved than anything else.
The memo spends 90% of the time outlining exactly what this new entity structure will be like, who owns it, and what it will do. About 8% of the time is spent reassuring TikTok users that the TikTok they know and love will continue to be the TikTok they know and love. The remaining 2% is dedicated to the advertisers on the TikTok platform, the ones who keep the lights on, with a simple message: nothing is changing so you donāt have to go.
So then, who does?
š Power Play
Chew joined ByteDance in 2021 as the new CFO, before becoming CEO of TikTok in the same year. He is a well known figure in the tech industry, even walking the coals of testifying to the U.S. Congress, a clear indication of a powerful CEO. He is well loved in his hometown of Singapore, and well admired by others.
In my perspective, Chew was hired initially to prepare TikTok for going public. When that plan fell apart quickly, his number one priority (again, my opinion) was to be the friendly, competent, and non-threatening face of TikTok to stabilise and grow the business in the United States. As most global companies understand, the U.S. is the most important global market.
Now that Chew has technically stabilised the business in the U.S., what will his new role be? It is my opinion that Chew will either be reassigned or leave TikTok in 2026, if not early 2027. The man has, for all intents and purposes, done his job.
WHAT DO YOU THINK?
Tell me your reasoning. In next weekās issue, Iāll highlight the most thought-provoking responses.
LAST WEEKāS RESPONSES

I will take your word for it kind sir. I havenāt seen Anora.
AND FINALLYā¦
Thank you for reading Signpost in 2025.
When I started writing Signpost in January this year, I gave myself the task of writing an issue every Friday to publish every Saturday morning at 9am Singapore Time.
I am pleased to share some great news. This is issue number 52 of Signpost this year. Which means I have managed to keep to my goal of writing one issue per week. The real reason I wanted to do so was simply to see if I could do it.
If youāve been reading since the very beginning, youāll know that Signpost started differently and now is something (slightly) different. In the āold daysā I analysed two different news sources reporting on the same story. My biases were a bit too obvious, and finding different perspectives on the same story was challenging. My analysis often felt incomplete, like I was cherry picking specific articles to validate my opinions. And, it took me way too long to write.
I changed up the structure to analyse only whole texts, that could be analysed in their completeness. But the focus of Signpost remains the same: understanding language in the news, specifically around how shared meaning is built and how that influences power. Itās something that interests me personally. Signpost is my attempt at increasing critical thinking through media literacy. Itās my way of understanding why we do things, through the lens of media and language.
If you managed to read through all 52 issues, Beehiiv tells me youāve read over 120,000 of my non-ChatGPT written words. Which is apparently almost two novels. Instead, I chose to write this.
I will continue to increase critical thinking through media literacy in the new year. See you in 2026.
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