ByteDance statement alludes to creation of TikTok U.S.ByteDance thanked Presidents Xi and Trump on Friday, signaling that TikTok will soon spin off a U.S. version. On Friday, a spokesperson for ByteDance, the owner of TikTok, issued a short public statement. We thank President Xi Jinping and President Donald J. Trump for their efforts to preserve TikTok in the United States. ByteDance will work in accordance with applicable laws to ensure TikTok remains available to American users through TikTok U.S. Once completed, a new version of TikTok, tentatively called TikTok U.S., will need to be built.