ByteDance to set up US company as part of TikTok restructuring, LatePost reports

ByteDance will set up a new U.S. company as part of the restructuring of TikTok's U.S. operations, Chinese media outlet LatePost reported on Friday.

The new company will be responsible for e-commerce, branding operations and interconnection with international operations, the report said.

ByteDance did not immediately respond to a request for comment.