Summary:

- TikTok, the popular social media platform, has announced the formation of a joint venture with a U.S. company to address concerns about data privacy and national security.
- The joint venture will oversee the storage and management of TikTok's U.S. user data, ensuring it remains within the United States and is not accessible to the Chinese government.
- This move is a response to ongoing tensions between the U.S. and China regarding the potential security risks associated with TikTok's Chinese ownership, and aims to alleviate those concerns.