TikTok owner says US wants to ban the app, not buy it

The CEO of TikTok’s China-based parent company ByteDance said he believes the US is trying to kill the wildly popular app as President Trump presses for a sale and a cut of the proceeds. In a leaked email to Chinese employees on Monday, CEO Zhang Yiming — who has been criticized in China after news […]

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ByteDance Said to Offer to Sell TikTok’s U.S. Operations

ByteDance, the Chinese internet giant that owns TikTok, has offered to sell the American operations of the popular video app as a way to save its business from being banned by the Trump administration, a person with knowledge of the matter said on Saturday. President Trump had told reporters on Friday that he was considering […]

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TikTok’s Parent Said to Weigh Selling a Majority Stake in the Video App

ByteDance, the parent company of TikTok, is weighing its ownership options for the popular video app after the Trump administration threatened to ban the app from the United States this month, according to people briefed on the discussions. One path that ByteDance, a privately held company in China, is discussing with its biggest backers is […]

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US investors eye buying TikTok from Chinese parent company: report

A group of US investors in TikTok parent company ByteDance are reportedly discussing a plan to save the embattled app by buying it. The investors, including Silicon Valley big shot Sequoia Capital, want to eliminate any trace of Chinese control over TikTok in hopes of lessening scrutiny of the platform, including by US legislators, according […]

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India’s Chinese app ban seen jolting $1 billion expansion of ByteDance

© Reuters. FILE PHOTO: TikTok logos are seen on smartphones in front of displayed ByteDance logo in this illustration By Aditya Kalra and Pei Li NEW DELHI/HONG KONG (Reuters) – An Indian ban on dozens of Chinese apps following a border clash between the two nations has possibly derailed a $1 billion India expansion plan […]

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