Who owns TikTok in the US now? In 2022, Oracle started housing Americans’ TikTok data on its servers, an effort by TikTok to convince the US government that it would not expose any information to Beijing. MGX, like Oracle, has a 15% stake in the American TikTok app. It owns several apps and launched TikTok in 2017, spinning it out of China’s domestic version of the app, Douyin, which has about 700 million users. ByteDance still owns the global TikTok brand.
