TikTok, with 170 million US users, faces a potential ban unless its Chinese owner, ByteDance, sells its US operations. President Trump has delayed the ban, considering alternatives like a joint ownership with US investors.
The Supreme Court upheld the TikTok ban, causing the app to go dark for half a day. Then, Trump issued an executive order to postpone the ban for 75 days, allowing TikTok to go back online. Beyond the legal complexities,
TikTok is considering alternative solutions to selling its US business, as owner ByteDance continues the fight to keep its 170 million American users after a reprieve from the Trump administration, a board member of ByteDance was quoted by Chinese magazine Caixin as saying.
Xi has poured billions of dollars into making a breakthrough in advanced semiconductors, part of his wider Made in China 2025 push to make the nation a leader in emerging technologies.
UC San Diego Today spoke with professor Victor Shih, director of the UC San Diego School of Global Policy and Strategy’s 21st Century China Center, to learn more about why TikTok has faced so much scrutiny in the U.S., as well as what implications a ban could have for relations between the two countries.
TikTok owner ByteDance is reportedly still searching for non-sale options to stay in the US after the Supreme Court upheld a national security law requiring that TikTok's US operations either be shut down or sold to a non-foreign adversary.
ByteDance (BDNCE) board member Bill Ford said the TikTok parent is exploring a deal to keep the short video app running in America without selling its operations there. Speaking at the World Economic Forum in Davos Thursday,
WASHINGTON, Jan 23 (Reuters) - U.S. President Donald Trump said his conversation with Chinese President XiJinping last week ... parent company is Chinese firm ByteDance. Sign up here.