Tiktok Deal

In this photo illustration, the TikTok app is seen on a phone on March 13, 2024 in New York City. (AFP/ file)

Trump welcomes TikTok deal, thanks Xi for approving it

TikTok announced Thursday that it has established a majority American-owned joint venture to operate its US business, allowing the company to avoid a ban over its Chinese ownership.

February 8, 2026

ByteDance to hold one board seat in proposed TikTok US ownership deal

The deal requires TikTok’s US assets to be majority-owned by American investors and data to be stored domestically.

September 21, 2025

Trump, Xi to meet at APEC summit; TikTok deal approved

Xi stresses importance of the bilateral ties, urges US side to avoid against any unilateral trade restrictions from the US.

September 19, 2025