ByteDance to Get About 50% of TikTok US Profit Under Trump Deal

TikTok’s Chinese parent company will likely get about half of the profit from the platform’s US operation even after it sells majority ownership to American investors as part of a deal orchestrated by President Donald Trump, according to people familiar with the matter.

ByteDance Ltd. is expected to receive a licensing fee on all revenue generated from making its algorithm available to the US operating entity as well as a share of the profit in proportion to its equity stake, said the people, asking not to be identified because the terms are confidential. Overall, the Beijing-based parent company will ...