The US and Chinese authorities have reached a framework agreement to hand over the TikTok application to US-controlled ownership. The ownership and the agreement will be confirmed after the US President Donald Trump and the Chinese President Xi Jinping's phone call on Friday. TikTok has over 170 million users in the US and is one of the most successful social platforms across the world.<h2>What do we know about the US-China TikTok deal?</h2><ol><li>US Treasury Secretary Scott Bessent told&nbsp;Reuters that the September 17 deadline pushed Chinese negotiators to reach the agreement.&nbsp;</li><li>The US administration&nbsp;had warned the Chinese app that its services would&nbsp;be disrupted if it didn't reach a deal.</li><li>He told the&nbsp;agency that the deadline could be extended by three months to allow time for the finalization of the deal.&nbsp;</li><li>He, however, declined to discuss&nbsp;the content of the proposed agreement. He said that the Chinese negotiators cared about&nbsp;the cultural aspects of the application.</li><li>He said the Chinese negotiators care about the Chinese characteristics of the app. He said that they think these features are the country's soft power.</li><li>The US, however, cares about national security, not the Chinese characteristics.</li><li>US President Donald Trump said his administration hasn't decided that China would hold a stake in the company. He said he will speak to Xi Jinping for confirmation on that.</li><li>This is the second time the two sides announced a deal. In March, the two sides didn't go through with the agreement after the announcement.</li><li>The agreement would require the ratification of Congress, which is dominated by Donald Trump's Republican Party. In 2024, the US Congress passed a law mandating divestiture of the company, fearing that the US user data could be accessed by the Chinese government.</li><li>China's top trade negotiator, Li Chenggang, told reporters that the two sides had reached a "basic framework consensus" on resolving TikTok-related issues.</li></ol>

The US and Chinese authorities have reached a framework agreement to hand over the TikTok application to US-controlled ownership.

The US and Chinese authorities have reached a framework agreement to hand over the TikTok application to US-controlled ownership. The ownership and the agreement will be confirmed after the US President Donald Trump and the Chinese President Xi Jinping's phone call on Friday. TikTok has over 170 million users in the US and is one of the most successful social platforms across the world. What do we know about the US-China TikTok deal? US Treasury Secretary Scott Bessent told Reuters that the September 17 deadline pushed Chinese negotiators to reach the agreement. The US administration had warned the Chinese app that its services would be disrupted if it didn't reach a deal. He told the agency that the deadline could be extended by three months to allow time for the finalization of the deal. He, however, declined to discuss the content of the proposed agreement. He said that the Chinese negotiators cared about the cultural aspects of the application. He said the Chinese negotiators care about the Chinese characteristics of the app. He said that they think these features are the country's soft power. The US, however, cares about national security, not the Chinese characteristics. US President Donald Trump said his administration hasn't decided that China would hold a stake in the company. He said he will speak to Xi Jinping for confirmation on that. This is the second time the two sides announced a deal. In March, the two sides didn't go through with the agreement after the announcement. The agreement would require the ratification of Congress, which is dominated by Donald Trump's Republican Party. In 2024, the US Congress passed a law mandating divestiture of the company, fearing that the US user data could be accessed by the Chinese government. China's top trade negotiator, Li Chenggang, told reporters that the two sides had reached a "basic framework consensus" on resolving TikTok-related issues.

US-China TikTok deal: Donald Trump has said he would confirm certain aspects with his Chinese counterpart, Xi Jinping. The agreement would require the ratification of Congress, which is dominated by Donald Trump's Republican Party.&nbsp;

TikTok: 10 things we know about US-China framework agreement

US Treasury Secretary Scott Bessent on Monday (Sep 15) announced that a ‘framework’ agreement had been reached after a second day of talks with Chinese Vice Premier He Lifeng in Madrid, regarding TikTok. He also said that the Wednesday (Sep 17) deadline for the TikTok shutdown has forced the Chinese to reach a potential deal, adding that the deadline could be extended by 90 days again to allow the deal to be finalised. If this is done, this would be the third straight pause for a total of 270 days. While Bessent did not reveal anything else about the meeting, he said that in the final deal “Chinese characteristics” of the app will be preserved as well as America's concerns about “national security” will be addressed. It is the second time this year that the two sides have said they were nearing a TikTok deal. The earlier announcement in March ultimately did not pan out.&nbsp;China's international trade representative, Li Chenggang, has also issued a statement and said that the trade talks in Madrid were "conducted candidly, in-depth, and constructively." He also added that talks covered areas including the social media app TikTok.&nbsp;&nbsp;This comes after US President Donald Trump announced a deal with a “certain company,” revealing that talks with China have gone ‘very well.’ Though he did not name TikTok, he highlighted that it this company was the one that “young people” in the US “very much wanted to save.” He also said in a post on Truth Social that he will be speaking to Chinese Premier Xi Jinping on Friday (Sep 19). Any agreement could require approval by the Republican-controlled Congress, which passed a law in 2024 requiring divestiture due to fears that TikTok's U.S. user data could be accessed by the Chinese government, allowing Beijing to spy on Americans or conduct influence operations through the app.&nbsp;Also Read: <a href="https://www.wionews.com/world/-young-people-will-be-very-happy-trump-gives-big-update-on-us-china-tiktok-deal-here-s-what-he-said-1757940408681">'Young people will be very happy': Trump gives BIG update on US-China TikTok deal - Here's what he said</a><h2>Trump and TikTok deal</h2>Earlier on Sunday, Trump told reporters in New Jersey that the deal depends “largely on China’s stance.” “It doesn’t matter too much. I would love to do it for the kids, they like it… We may let it die, or we may…I don't know,” Trump had said. This deadline is the fourth extension provided to ByteDance, TikTok's parent company, that was asked by federal regulations to either sell or shut down its US operations. The original deadline was set for January 2025, but Trump has continued to delay enforcement.&nbsp;Also Read: <a href="https://www.wionews.com/world/-we-may-let-it-die-or-trump-hints-tiktok-deal-could-fail-cites-china-as-a-key-factor-1757902458021">'We may let it die, or...': Trump hints TikTok deal could fail, cites China as a key factor</a>&nbsp;Trump previously indicated that he had potential American buyers lined up for TikTok, but the deal has stalled due to the complexities of China’s approval, especially concerning the sharing of TikTok’s valuable algorithm with US investors. Progress on the deal was first made public in the spring, with plans to separate TikTok’s US operations into a new company owned by US stakeholders. However, the plan was temporarily halted after China voiced its opposition, coinciding with Trump’s tough stance on tariffs against Chinese goods. Since beginning his second presidential term, Trump has refrained from enforcing the law requiring TikTok’s sale or shutdown, extending deadlines several times—first in April, then in June, and most recently, until September.&nbsp;Also Read: <a href="https://www.wionews.com/india-news/india-to-revoke-tiktok-ban-amid-resetting-ties-with-china-what-indian-minister-ashwini-vaishnaw-said-glawan-clash-chinese-app-ban-1757329210026">India to revoke TikTok ban amid resetting ties with China? What Indian minister said</a> &nbsp;

US Treasury Secretary Scott Bessent announced a framework deal with China on TikTok after talks in Madrid. The September 17 shutdown deadline may be extended by 90 days. The deal aims to balance TikTok's Chinese features with U.S. national security concerns, pending approval by Congress.

US Treasury Secretary Scott Bessent on Monday (Sep 15) announced that a ‘framework’ agreement had been reached after a second day of talks with Chinese Vice Premier He Lifeng in Madrid, regarding TikTok. He also said that the Wednesday (Sep 17) deadline for the TikTok shutdown has forced the Chinese to reach a potential deal, adding that the deadline could be extended by 90 days again to allow the deal to be finalised. If this is done, this would be the third straight pause for a total of 270 days. While Bessent did not reveal anything else about the meeting, he said that in the final deal “Chinese characteristics” of the app will be preserved as well as America's concerns about “national security” will be addressed. It is the second time this year that the two sides have said they were nearing a TikTok deal. The earlier announcement in March ultimately did not pan out. China's international trade representative, Li Chenggang, has also issued a statement and said that the trade talks in Madrid were "conducted candidly, in-depth, and constructively." He also added that talks covered areas including the social media app TikTok. This comes after US President Donald Trump announced a deal with a “certain company,” revealing that talks with China have gone ‘very well.’ Though he did not name TikTok, he highlighted that it this company was the one that “young people” in the US “very much wanted to save.” He also said in a post on Truth Social that he will be speaking to Chinese Premier Xi Jinping on Friday (Sep 19). Any agreement could require approval by the Republican-controlled Congress, which passed a law in 2024 requiring divestiture due to fears that TikTok's U.S. user data could be accessed by the Chinese government, allowing Beijing to spy on Americans or conduct influence operations through the app. Also Read: 'Young people will be very happy': Trump gives BIG update on US-China TikTok deal - Here's what he said Trump and TikTok deal Earlier on Sunday, Trump told reporters in New Jersey that the deal depends “largely on China’s stance.” “It doesn’t matter too much. I would love to do it for the kids, they like it… We may let it die, or we may…I don't know,” Trump had said. This deadline is the fourth extension provided to ByteDance, TikTok's parent company, that was asked by federal regulations to either sell or shut down its US operations. The original deadline was set for January 2025, but Trump has continued to delay enforcement. Also Read: 'We may let it die, or...': Trump hints TikTok deal could fail, cites China as a key factor Trump previously indicated that he had potential American buyers lined up for TikTok, but the deal has stalled due to the complexities of China’s approval, especially concerning the sharing of TikTok’s valuable algorithm with US investors. Progress on the deal was first made public in the spring, with plans to separate TikTok’s US operations into a new company owned by US stakeholders. However, the plan was temporarily halted after China voiced its opposition, coinciding with Trump’s tough stance on tariffs against Chinese goods. Since beginning his second presidential term, Trump has refrained from enforcing the law requiring TikTok’s sale or shutdown, extending deadlines several times—first in April, then in June, and most recently, until September. Also Read: India to revoke TikTok ban amid resetting ties with China? What Indian minister said

US Treasury Secretary Scott Bessent announced a framework deal with China on TikTok after talks in Madrid. The September 17 shutdown deadline may be extended by 90 days. The deal aims to balance TikTok's Chinese features with U.S. national security concerns, pending approval by Congress.

Trump to extend China tariff deadline by 90 days as US finalises 'framework' TikTok deal? What we know

As a US ban looms on TikTok, the Chinese social media platform is taking one step after another to shore up its credibility and boost its acceptance among users. In a recent move, the app has decided to restrict the activities of state-backed media on its platform amid foreign influence concerns.

<h2>What's&nbsp;TikTok's&nbsp;new policy?</h2>

Under the new policy, any state-backed media hoping to reach users outside its home nation covering&nbsp;“current global events and affairs”&nbsp;will not appear in&nbsp;users'&nbsp;"For You"&nbsp;feed.

A similar restriction would be placed&nbsp;on advertising too.&nbsp;Any state media&nbsp;won't&nbsp;be allowed to place advertisements&nbsp;“outside of the country with which they are primarily affiliated”,&nbsp;TikTok said.

TikTok defines state media as a portal&nbsp;“whose editorial output or decision-making process is subject to control or influence by a government”.

Also read:&nbsp;<a data-ved="2ahUKEwjC99PakauGAxXQ1zgGHezABgUQxfQBKAB6BAgHEAE" href="https://www.wionews.com/world/south-korea-imposes-ban-on-viral-tiktok-song-which-idolises-norths-kim-jong-un-723819" jsname="YKoRaf" ping="/url?sa=t&amp;source=web&amp;rct=j&amp;opi=89978449&amp;url=https://www.wionews.com/world/south-korea-imposes-ban-on-viral-tiktok-song-which-idolises-norths-kim-jong-un-723819&amp;ved=2ahUKEwjC99PakauGAxXQ1zgGHezABgUQxfQBKAB6BAgHEAE">South Korea imposes ban on viral TikTok song which idolises North`s Kim Jong Un</a>

In a statement,&nbsp;the Chinese social media site said it foiled 15 foreign influence operations and restricted more than 3,000 accounts.

“We found that a majority of these networks were attempting to influence political discourse among their target audience, including in relation to elections,”&nbsp;the company said in a blog statement.

<h2>TikTok to let creators earn&nbsp;more</h2>

In a bid to&nbsp;boost its acceptance among its users and creators community, TikTok has also decided to expand its monetisation programme.&nbsp;Now, creators&nbsp;having&nbsp;more than 1,000 followers&nbsp;would be able to&nbsp;make money, down from the previously prescribed threshold of 5,000.

Such creators&nbsp;would&nbsp;also&nbsp;be able to&nbsp;make money using affiliating marketing tools on the short video platform.

<h2>TikTok facing existential&nbsp;threat</h2>

Last month, the US Congress passed a bill&nbsp;that requires&nbsp;TikTok's&nbsp;parent company&nbsp; ByteDance&nbsp;to&nbsp;sell the app to another player&nbsp;which&nbsp;is&nbsp;not controlled&nbsp;by a&nbsp;“foreign adversary”.&nbsp; The bill states that the&nbsp;company's&nbsp;failure to do so within one year will automatically result in an all-out ban on the app in the US.

Watch:&nbsp;TikTok: Firm never shared user data with Chinese government

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Last week,&nbsp;it was reported&nbsp;that TikTok is mulling laying off hundreds of employees in line with&nbsp;ByteDance's&nbsp;efforts to restructure its business.

(With inputs from agencies)

As a US ban looms on TikTok, the Chinese social media platform is taking one step after another to shore up its credibility and boost its acceptance among users.

As a US ban looms on TikTok, the Chinese social media platform is taking one step after another to shore up its credibility and boost its acceptance among users. In a recent move, the app has decided to restrict the activities of state-backed media on its platform amid foreign influence concerns. What's TikTok's new policy? Under the new policy, any state-backed media hoping to reach users outside its home nation covering “current global events and affairs” will not appear in users' "For You" feed. A similar restriction would be placed on advertising too. Any state media won't be allowed to place advertisements “outside of the country with which they are primarily affiliated”, TikTok said. TikTok defines state media as a portal “whose editorial output or decision-making process is subject to control or influence by a government”. Also read: South Korea imposes ban on viral TikTok song which idolises North`s Kim Jong Un In a statement, the Chinese social media site said it foiled 15 foreign influence operations and restricted more than 3,000 accounts. “We found that a majority of these networks were attempting to influence political discourse among their target audience, including in relation to elections,” the company said in a blog statement. TikTok to let creators earn more In a bid to boost its acceptance among its users and creators community, TikTok has also decided to expand its monetisation programme. Now, creators having more than 1,000 followers would be able to make money, down from the previously prescribed threshold of 5,000. Such creators would also be able to make money using affiliating marketing tools on the short video platform. TikTok facing existential threat Last month, the US Congress passed a bill that requires TikTok's parent company ByteDance to sell the app to another player which is not controlled by a “foreign adversary”. The bill states that the company's failure to do so within one year will automatically result in an all-out ban on the app in the US. Watch: TikTok: Firm never shared user data with Chinese government × Last week, it was reported that TikTok is mulling laying off hundreds of employees in line with ByteDance's efforts to restructure its business. (With inputs from agencies)

In last-ditch effort to boost credibility, TikTok restricts state-backed media outside home country

The popular video app TikTok, which has over 100 million users in the US, could be facing a possible ban by the Biden administration if its Chinese owners do not divest their stake in the company.&nbsp;

This move comes amid growing concerns from US officials and legislators that TikTok's user data could be passed on to the Chinese government. The Trump administration attempted to ban TikTok in 2020 but was prevented from doing so by court rulings.&nbsp;

TikTok's Chief Executive, Shou Zi Chew, is due to appear before Congress next week to address these concerns.&nbsp;

The company has been negotiating with the Committee on Foreign Investment in the United States (CFIUS) for over two years on data security requirements and claims to have spent more than $1.5 billion on rigorous data security efforts.&nbsp;

ALSO READ |&nbsp;<a href="https://www.wionews.com/business-economy/tiktok-mulls-over-separation-from-parent-company-bytedance-572290">TikTok mulls separation from parent company ByteDance if US officials don’t approve proposal</a>

TikTok has also rejected allegations of spying.

However, if protecting national security is the objective, divestment may not solve the problem, according to a statement by TikTok spokesperson Brooke Oberwetter.&nbsp;

She said that a change in ownership would not impose any new restrictions on data flows or access.&nbsp;

ALSO WATCH |&nbsp;TikTok in the US: TikTok's attempts to reassure government, security concerns surrounding the app

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TikTok thinks that the best way to deal with worries about national security is to protect US user data and systems in a clear, US-based way, with strong third-party monitoring, vetting, and verification.

There would be several legal obstacles in the way of a hypothetical TikTok ban in the US.&nbsp;

The Treasury-led Committee on Foreign Investment in the United States made the most recent sale request to TikTok, according to the Wall Street Journal.A Treasury representative, however, declined to offer any additional insight.

TikTok's future in the US is still in doubt because of the scrutiny the company continues to endure regarding its data security procedures.&nbsp;

It's not clear how TikTok will handle these problems or if a ban will be put in place, since its CEO is going to testify before Congress the week after that.&nbsp;

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The popular video app TikTok, which has over 100 million users in the US, could be facing a possible ban by the Biden administration if its Chinese owners do not divest their stake in the company.

The popular video app TikTok, which has over 100 million users in the US, could be facing a possible ban by the Biden administration if its Chinese owners do not divest their stake in the company. This move comes amid growing concerns from US officials and legislators that TikTok's user data could be passed on to the Chinese government. The Trump administration attempted to ban TikTok in 2020 but was prevented from doing so by court rulings. TikTok's Chief Executive, Shou Zi Chew, is due to appear before Congress next week to address these concerns. The company has been negotiating with the Committee on Foreign Investment in the United States (CFIUS) for over two years on data security requirements and claims to have spent more than $1.5 billion on rigorous data security efforts. ALSO READ | TikTok mulls separation from parent company ByteDance if US officials don’t approve proposal TikTok has also rejected allegations of spying. However, if protecting national security is the objective, divestment may not solve the problem, according to a statement by TikTok spokesperson Brooke Oberwetter. She said that a change in ownership would not impose any new restrictions on data flows or access. ALSO WATCH | TikTok in the US: TikTok's attempts to reassure government, security concerns surrounding the app × TikTok thinks that the best way to deal with worries about national security is to protect US user data and systems in a clear, US-based way, with strong third-party monitoring, vetting, and verification. There would be several legal obstacles in the way of a hypothetical TikTok ban in the US. The Treasury-led Committee on Foreign Investment in the United States made the most recent sale request to TikTok, according to the Wall Street Journal.A Treasury representative, however, declined to offer any additional insight. TikTok's future in the US is still in doubt because of the scrutiny the company continues to endure regarding its data security procedures. It's not clear how TikTok will handle these problems or if a ban will be put in place, since its CEO is going to testify before Congress the week after that. WATCH WION LIVE HERE You can now write for wionews.com and be a part of the community. Share your stories and opinions with us here.

TikTok’s Dilemma: Chinese stake vs. potential ban in the US

Popular video-sharing platform TikTok is reportedly considering separation from parent company ByteDance. As per Bloomberg, the reason behind this probable split stems from concerns voiced by the United States over the app and the alleged national security risks it poses.

Citing people familiar with the matter, the publication reports that a "divestiture" is considered a last resort and will only be pursued if the company's existing proposal with US national security officials is not approved. A divestiture can lead to a sale or an initial public offering (IPO).

Watch |&nbsp;Rishi Sunak hints at TikTok ban from UK government devices

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The short video format mobile app is currently under scrutiny. It is undergoing a national security review by the Committee on Foreign Investment in the United States (CFIUS).

Last year, in an attempt to placate hostile lawmakers, TikTok even agreed to the implementation of a number of plans nicknamed "Project Texas".

Also read |&nbsp;<a href="https://www.wionews.com/business-economy/uae-spymaster-purchases-100-million-stake-in-tiktok-maker-bytedance-company-valuation-at-220-billion-572240">UAE spymaster purchases $100 million stake in TikTok maker ByteDance; company valuation at $220 billion</a>

CFIUS has, however, left TikTok unsure about its future in America. CFIUS members have allegedly been unwilling to accept TikTok's proposal.

The agency has reportedly stalled in its process, leaving the app in a lurch, unsure about whether its attempts will be enough to ensure the continuation of TikTok's operations in the US.&nbsp;

Also read |&nbsp;<a href="https://www.wionews.com/world/uk-mulling-over-tiktok-ban-on-government-devices-over-data-security-concerns-571913">After India and US, UK mulls TikTok ban on govt devices over data security concerns linked to China</a>

CFIUS and TikTok have been holding negotiations ever since, with the app claiming it has already spent more than $1.5 billion on rigorous data security efforts.

National security body CFIUS had recommended that ByteDance divest TikTok back in 2020. The app has increasingly come under fire over fears that undermining Western security interests user data can end up in the Chinese government's hands. TikTok, however, rejects the spying allegations.

(With inputs from agencies) 
&nbsp;

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Popular video-sharing platform TikTok is reportedly considering separation from parent company ByteDance. As per Bloomberg, the reason behind this probable split stems from concerns voiced by the United States over the app and the alleged national security risks it poses.

Popular video-sharing platform TikTok is reportedly considering separation from parent company ByteDance. As per Bloomberg, the reason behind this probable split stems from concerns voiced by the United States over the app and the alleged national security risks it poses. Citing people familiar with the matter, the publication reports that a "divestiture" is considered a last resort and will only be pursued if the company's existing proposal with US national security officials is not approved. A divestiture can lead to a sale or an initial public offering (IPO). Watch | Rishi Sunak hints at TikTok ban from UK government devices The short video format mobile app is currently under scrutiny. It is undergoing a national security review by the Committee on Foreign Investment in the United States (CFIUS). Last year, in an attempt to placate hostile lawmakers, TikTok even agreed to the implementation of a number of plans nicknamed "Project Texas". Also read | UAE spymaster purchases $100 million stake in TikTok maker ByteDance; company valuation at $220 billion CFIUS has, however, left TikTok unsure about its future in America. CFIUS members have allegedly been unwilling to accept TikTok's proposal. The agency has reportedly stalled in its process, leaving the app in a lurch, unsure about whether its attempts will be enough to ensure the continuation of TikTok's operations in the US. Also read | After India and US, UK mulls TikTok ban on govt devices over data security concerns linked to China CFIUS and TikTok have been holding negotiations ever since, with the app claiming it has already spent more than $1.5 billion on rigorous data security efforts. National security body CFIUS had recommended that ByteDance divest TikTok back in 2020. The app has increasingly come under fire over fears that undermining Western security interests user data can end up in the Chinese government's hands. TikTok, however, rejects the spying allegations. (With inputs from agencies) WATCH WION LIVE HERE You can now write for wionews.com and be a part of the community. Share your stories and opinions with us here.

TikTok mulls separation from parent company ByteDance if US officials don’t approve proposal

U.S. lawmakers have introduced a bipartisan bill aimed at banning the social media platform TikTok. Will the U.S. succeed this time?

WION Fineprint | U.S. is trying to ban tiktok again

The Trump administration has opted to not grant ByteDance a new extension of an order requiring the Chinese company to divest TikTok's US assets.

Talks between the company and government are, however, expected to continue over the short video-sharing app's fate, according to Reuters.

The government had previously issued a 15-day and 7-day extension of the initial 90-day deadline, which was November 12, in Trump's order.

Last week, the Committee on Foreign Investment in the United States granted TikTok parent ByteDance a one-week extension until Friday over the order to shed TikTok's US assets.&nbsp;

President Donald Trump's August order gave the Justice Department the power to enforce the divestiture order once the deadline expired, but it is unclear when or how the government may seek to compel divestiture.

Trump was said to have personally made the decision to not approve any additional extensions at a meeting of senior US officials, according to a person briefed on the meeting.&nbsp;

The Trump administration contends TikTok poses national security concerns as the personal data of US users could be obtained by China’s government. TikTok, which has over 100 million US users, denies the allegation.

Under pressure from the US government, ByteDance has been in talks for months to finalise a deal with Walmart Inc and Oracle Corp to shift TikTok’s US assets into a new entity.

ByteDance made a new proposal aimed at addressing the US government’s concerns, Reuters reported last week. The US Treasury said last week the seven-day extension was granted to review the "revised submission."

In September, TikTok announced it had a preliminary deal for Walmart and Oracle to take stakes in a new company to oversee US operations. Trump said the deal had his "blessing."

The Trump administration has opted to not grant ByteDance a new extension of an order requiring the Chinese company to divest TikTok's US assets. Talks between the company and government are, however, expected to continue over the short video-sharing app's fate, according to Reuters.

The Trump administration has opted to not grant ByteDance a new extension of an order requiring the Chinese company to divest TikTok's US assets. Talks between the company and government are, however, expected to continue over the short video-sharing app's fate, according to Reuters. The government had previously issued a 15-day and 7-day extension of the initial 90-day deadline, which was November 12, in Trump's order. Last week, the Committee on Foreign Investment in the United States granted TikTok parent ByteDance a one-week extension until Friday over the order to shed TikTok's US assets. President Donald Trump's August order gave the Justice Department the power to enforce the divestiture order once the deadline expired, but it is unclear when or how the government may seek to compel divestiture. Trump was said to have personally made the decision to not approve any additional extensions at a meeting of senior US officials, according to a person briefed on the meeting. The Trump administration contends TikTok poses national security concerns as the personal data of US users could be obtained by China’s government. TikTok, which has over 100 million US users, denies the allegation. Under pressure from the US government, ByteDance has been in talks for months to finalise a deal with Walmart Inc and Oracle Corp to shift TikTok’s US assets into a new entity. ByteDance made a new proposal aimed at addressing the US government’s concerns, Reuters reported last week. The US Treasury said last week the seven-day extension was granted to review the "revised submission." In September, TikTok announced it had a preliminary deal for Walmart and Oracle to take stakes in a new company to oversee US operations. Trump said the deal had his "blessing."

US plans to not extend TikTok divestiture deadline

The Trump administration has granted ByteDance a new seven-day extension of a divestiture order that had directed the Chinese company to sell its TikTok short video-sharing app.

The administration had earlier granted ByteDance a 15-day extension of the order issued in August, which was set to expire Friday. The new deadline is December 4.

Under pressure from the American government, ByteDance has been in talks for months to finalise a deal with Walmart Inc and Oracle Corp to shift TikTok's US assets into a new entity.

ByteDance has made a new proposal aimed at addressing the US government’s concerns, said a person briefed on the matter who declined to detail that proposal.

The Tiktok owner made the proposal after disclosing on November 10 that it had submitted four prior proposals including one in November that sought to address US concerns by "creating a new entity, wholly owned by Oracle, Walmart and existing US investors in ByteDance, that would be responsible for handling TikTok’s US user data and content moderation."

The Trump administration has granted ByteDance a new seven-day extension of a divestiture order that had directed the Chinese company to sell its TikTok short video-sharing app.

The Trump administration has granted ByteDance a new seven-day extension of a divestiture order that had directed the Chinese company to sell its TikTok short video-sharing app. The administration had earlier granted ByteDance a 15-day extension of the order issued in August, which was set to expire Friday. The new deadline is December 4. Under pressure from the American government, ByteDance has been in talks for months to finalise a deal with Walmart Inc and Oracle Corp to shift TikTok's US assets into a new entity. ByteDance has made a new proposal aimed at addressing the US government’s concerns, said a person briefed on the matter who declined to detail that proposal. The Tiktok owner made the proposal after disclosing on November 10 that it had submitted four prior proposals including one in November that sought to address US concerns by "creating a new entity, wholly owned by Oracle, Walmart and existing US investors in ByteDance, that would be responsible for handling TikTok’s US user data and content moderation."

US grants Tiktok owner ByteDance new extension of sale order

The US government will not enforce its ban on Chinese-owned social media sensation TikTok to comply with a federal court ruling issued in the national security case.

The move comes after a federal court in Pennsylvania blocked the Trump administration from carrying out the ban, which had been ordered by the White House based on claims the app posed a security threat due to the company's links to Beijing.

The Wall Street Journal reported Thursday that the US Commerce Department had decided to hold off on&nbsp;enforcing a Trump administration order to ban the video-sharing app owned by Chinese-based ByteDance.

According to the report, the Commerce Department said the shutdown order won’t go into effect "pending further legal developments." Other court cases are also pending on the matter.

ByteDance had been given until Thursday to restructure ownership of the app in the United States to meet national security concerns, but it filed a petition in a Washington court this week asking for a delay.

The company said in a statement Tuesday that it had asked the government for a 30-day extension because of "continual new requests and no clarity on whether our proposed solutions would be accepted," but it was not granted.

The Trump administration has been seeking to transfer ownership of TikTok to an American business to allay security concerns, but no deal has been finalised.

The US government will not enforce its ban on Chinese-owned social media sensation TikTok to comply with a federal court ruling issued in the national security case.

The US government will not enforce its ban on Chinese-owned social media sensation TikTok to comply with a federal court ruling issued in the national security case. The move comes after a federal court in Pennsylvania blocked the Trump administration from carrying out the ban, which had been ordered by the White House based on claims the app posed a security threat due to the company's links to Beijing. The Wall Street Journal reported Thursday that the US Commerce Department had decided to hold off on enforcing a Trump administration order to ban the video-sharing app owned by Chinese-based ByteDance. According to the report, the Commerce Department said the shutdown order won’t go into effect "pending further legal developments." Other court cases are also pending on the matter. ByteDance had been given until Thursday to restructure ownership of the app in the United States to meet national security concerns, but it filed a petition in a Washington court this week asking for a delay. The company said in a statement Tuesday that it had asked the government for a 30-day extension because of "continual new requests and no clarity on whether our proposed solutions would be accepted," but it was not granted. The Trump administration has been seeking to transfer ownership of TikTok to an American business to allay security concerns, but no deal has been finalised.

US decides against enforcing TikTok ban following court ruling

The U.S Commerce Department said on Sunday it would "vigorously defend" an executive order that seeks to bar transactions with Chinese-owned short video-sharing app TikTok after a federal judge halted the action.

U.S. District Judge Wendy Beetlestone on Friday blocked the Commerce Department order set to take effect on Nov. 12 that would have effectively barred ByteDance-owned TikTok from operating in the United States.

The Commerce Department said on Sunday it would "comply with the injunction ... but intends to vigorously defend the (executive order) and the Secretary’s implementation efforts from legal challenges."

Beetlestone enjoined the agency from barring data hosting within the United States for TikTok, content delivery services and other technical transactions.

President Donald Trump`s administration contends that TikTok poses national security concerns as personal data collected on 100 million Americans who use the app could be obtained by China`s government. TikTok denies the allegations.

Beetlestone wrote that the "government’s own descriptions of the national security threat posed by the TikTok app are phrased in the hypothetical."

On Sept. 27, U.S. District Judge Carl Nichols in Washington issued a preliminary injunction in a suit brought by ByteDance that stopped the Commerce Department from ordering Apple Inc&nbsp;and Alphabet Inc`s Google&nbsp;app stores to remove TikTok for download by new users. That order had been set to take effect later that day.

Nichols is set to hold a hearing on Wednesday on the other aspects of the Commerce Department order that Beetlestone blocked on Friday.

Beetlestone`s order, in a suit brought by three TikTok content creators, also blocks the app store download ban.

Talks have been ongoing to finalize a preliminary deal for Walmart Inc&nbsp;and Oracle Corp&nbsp;to take stakes in a new company, TikTok Global, that would oversee U.S. operations. Trump said last month the deal had his "blessing."

The U.S Commerce Department said on Sunday it would "vigorously defend" an executive order that seeks to bar transactions with Chinese-owned short video-sharing app TikTok after a federal judge halted the action.

The U.S Commerce Department said on Sunday it would "vigorously defend" an executive order that seeks to bar transactions with Chinese-owned short video-sharing app TikTok after a federal judge halted the action. U.S. District Judge Wendy Beetlestone on Friday blocked the Commerce Department order set to take effect on Nov. 12 that would have effectively barred ByteDance-owned TikTok from operating in the United States. The Commerce Department said on Sunday it would "comply with the injunction ... but intends to vigorously defend the (executive order) and the Secretary’s implementation efforts from legal challenges." Beetlestone enjoined the agency from barring data hosting within the United States for TikTok, content delivery services and other technical transactions. President Donald Trump`s administration contends that TikTok poses national security concerns as personal data collected on 100 million Americans who use the app could be obtained by China`s government. TikTok denies the allegations. Beetlestone wrote that the "government’s own descriptions of the national security threat posed by the TikTok app are phrased in the hypothetical." On Sept. 27, U.S. District Judge Carl Nichols in Washington issued a preliminary injunction in a suit brought by ByteDance that stopped the Commerce Department from ordering Apple Inc and Alphabet Inc`s Google app stores to remove TikTok for download by new users. That order had been set to take effect later that day. Nichols is set to hold a hearing on Wednesday on the other aspects of the Commerce Department order that Beetlestone blocked on Friday. Beetlestone`s order, in a suit brought by three TikTok content creators, also blocks the app store download ban. Talks have been ongoing to finalize a preliminary deal for Walmart Inc and Oracle Corp to take stakes in a new company, TikTok Global, that would oversee U.S. operations. Trump said last month the deal had his "blessing."

US will 'vigorously defend' TikTok executive order despite ruling

A U.S. judge in Washington said he plans to decide later on Sunday whether to block a Trump administration order banning Apple Inc and Alphabet Inc`s Google from offering Chinese-owned short video-sharing app TikTok for download.

U.S. District Judge Carl Nichols said after a 90-minute Sunday morning hearing that he plans to issue a public order later in the day. The Commerce Department TikTok app store ban is set to take effect at 11:59 p.m. EDT (0359 GMT).

John E. Hall, a lawyer for TikTok, argued during the hearing that the ban was "unprecedented" and "irrational."

"How does it make sense to impose this app store ban tonight when there are negotiations underway that might make it unnecessary?" Hall asked during the hearing. "This is just punitive. This is just a blunt way to whack the company. ... There is simply no urgency here."

U.S. officials have expressed national security concerns that personal data collected on 100 million Americans who use the app could be obtained by China’s Communist Party government.

ByteDance said on Sept. 20 it made a preliminary deal for Walmart Inc and Oracle Corp to take stakes in a new company, TikTok Global, that would oversee U.S. operations. Negotiations continue over the terms of the agreement and to resolve concerns from Washington and Beijing.

The deal is still to be reviewed by the U.S. government`s Committee on Foreign Investment in the United States (CFIUS).

The Justice Department said a preliminary injunction allowing Americans to continue downloading the TikTok app would be "interfering with a formal national security judgment of the president; altering the landscape with respect to ongoing CFIUS negotiations; and continuing to allow sensitive and valuable user information to flow to ByteDance with respect to all new users."

On Sept. 19, the Commerce Department delayed the ban to give the companies an additional week to finalize a deal. 
TikTok argues the restrictions, amid rising U.S.-China tensions under the Trump administration, "were not motivated by a genuine national security concern, but rather by political 
considerations relating to the upcoming general election."

A separate set of restrictions are set to take effect Nov. 12 barring other transactions with TikTok that would effectively ban the app in the United States, the company said.

Another U.S. judge, in Pennsylvania, on Saturday rejected a bid by three TikTok content creators to block the ban, while a judge in California has blocked a similar order from taking effect on Tencent Holdings` WeChat app.

A U.S. judge in Washington said he plans to decide later on Sunday whether to block a Trump administration order banning Apple Inc and Alphabet Inc`s Google from offering Chinese-owned short video-sharing app TikTok for download.

A U.S. judge in Washington said he plans to decide later on Sunday whether to block a Trump administration order banning Apple Inc and Alphabet Inc`s Google from offering Chinese-owned short video-sharing app TikTok for download. U.S. District Judge Carl Nichols said after a 90-minute Sunday morning hearing that he plans to issue a public order later in the day. The Commerce Department TikTok app store ban is set to take effect at 11:59 p.m. EDT (0359 GMT). John E. Hall, a lawyer for TikTok, argued during the hearing that the ban was "unprecedented" and "irrational." "How does it make sense to impose this app store ban tonight when there are negotiations underway that might make it unnecessary?" Hall asked during the hearing. "This is just punitive. This is just a blunt way to whack the company. ... There is simply no urgency here." U.S. officials have expressed national security concerns that personal data collected on 100 million Americans who use the app could be obtained by China’s Communist Party government. ByteDance said on Sept. 20 it made a preliminary deal for Walmart Inc and Oracle Corp to take stakes in a new company, TikTok Global, that would oversee U.S. operations. Negotiations continue over the terms of the agreement and to resolve concerns from Washington and Beijing. The deal is still to be reviewed by the U.S. government`s Committee on Foreign Investment in the United States (CFIUS). The Justice Department said a preliminary injunction allowing Americans to continue downloading the TikTok app would be "interfering with a formal national security judgment of the president; altering the landscape with respect to ongoing CFIUS negotiations; and continuing to allow sensitive and valuable user information to flow to ByteDance with respect to all new users." On Sept. 19, the Commerce Department delayed the ban to give the companies an additional week to finalize a deal. TikTok argues the restrictions, amid rising U.S.-China tensions under the Trump administration, "were not motivated by a genuine national security concern, but rather by political considerations relating to the upcoming general election." A separate set of restrictions are set to take effect Nov. 12 barring other transactions with TikTok that would effectively ban the app in the United States, the company said. Another U.S. judge, in Pennsylvania, on Saturday rejected a bid by three TikTok content creators to block the ban, while a judge in California has blocked a similar order from taking effect on Tencent Holdings` WeChat app.

Judge plans to decide on TikTok US app store ban by end of day

The Chinese government is unlikely to approve the deal China's ByteDance has struck with Oracle Corp and Walmart Inc over the future of its video-streaming app TikTok in the United States.

ByteDance has said it will create a US subsidiary partly owned by American majors Oracle and Walmart to pacify the administration of President Donald Trump which had planned to ban TikTok on security grounds.

"It is clear that these articles (terms) extensively show Washington's bullying style and hooligan logic. They hurt China's national security, interests and dignity," said a Global Times report.

The Global Times is a tabloid published by the People's Daily, the official newspaper of China's ruling Communist Party, but does not speak on behalf of the party and government unlike its parent publication.

The article's unidentified author objected to a requirement that four of the five board seats of TikTok Global be occupied by Americans and only one reserved for a Chinese national, as well as the inclusion of a US-approved "national security director".

It also denounced a requirement that ByteDance reveal TikTok's source code to Oracle as part of the latter's stake purchase, as well as the separate management of TikTok from Chinese equivalent Douyin.

"As TikTok and Douyin should have the same source code, this means the US can get to know the operations of Douyin," the editorial continued.

"If the reorganisation of TikTok under US manipulation becomes a model, it means once any successful Chinese company expands its business to the US and becomes competitive, it will be targeted by the US and turned into a US-controlled company via trickery and coercion, which eventually serves only US interests," the author wrote.

ByteDance and Oracle have announced they had reached a deal that would satisfy Trump's call for TikTok to be sold to an American buyer or face shutdown in the United States.

However, both sides have framed the deal differently in public statements.

ByteDance has said TikTok Global will be its subsidiary of which it will own 80%, while Oracle has said the former's ownership would be distributed to its investors, many of which are US-based and that the Beijing-based firm itself would have no stake in TikTok Global.

The Chinese government is unlikely to approve the deal China's ByteDance has struck with Oracle Corp and Walmart Inc over the future of its video-streaming app TikTok in the United States.

The Chinese government is unlikely to approve the deal China's ByteDance has struck with Oracle Corp and Walmart Inc over the future of its video-streaming app TikTok in the United States. ByteDance has said it will create a US subsidiary partly owned by American majors Oracle and Walmart to pacify the administration of President Donald Trump which had planned to ban TikTok on security grounds. "It is clear that these articles (terms) extensively show Washington's bullying style and hooligan logic. They hurt China's national security, interests and dignity," said a Global Times report. The Global Times is a tabloid published by the People's Daily, the official newspaper of China's ruling Communist Party, but does not speak on behalf of the party and government unlike its parent publication. The article's unidentified author objected to a requirement that four of the five board seats of TikTok Global be occupied by Americans and only one reserved for a Chinese national, as well as the inclusion of a US-approved "national security director". It also denounced a requirement that ByteDance reveal TikTok's source code to Oracle as part of the latter's stake purchase, as well as the separate management of TikTok from Chinese equivalent Douyin. "As TikTok and Douyin should have the same source code, this means the US can get to know the operations of Douyin," the editorial continued. "If the reorganisation of TikTok under US manipulation becomes a model, it means once any successful Chinese company expands its business to the US and becomes competitive, it will be targeted by the US and turned into a US-controlled company via trickery and coercion, which eventually serves only US interests," the author wrote. ByteDance and Oracle have announced they had reached a deal that would satisfy Trump's call for TikTok to be sold to an American buyer or face shutdown in the United States. However, both sides have framed the deal differently in public statements. ByteDance has said TikTok Global will be its subsidiary of which it will own 80%, while Oracle has said the former's ownership would be distributed to its investors, many of which are US-based and that the Beijing-based firm itself would have no stake in TikTok Global.

Beijing unlikely to approve ByteDance's TikTok deal with Oracle, report says

China's ByteDance Ltd is seeking a valuation of $60 billion for TikTok as Oracle Corp and Walmart Inc take stakes in the short-video app's business to address US security concerns.

US President Donald Trump on Saturday said that he supported a deal in principle would allow TikTok to continue to operate in the United States, even as it appeared to conflict with his earlier executive order for China's ByteDance to divest the video app.

<a href="https://www.wionews.com/world/tiktok-proposes-new-deal-with-oracle-and-walmart-trump-gives-his-blessings-328746">Also read |&nbsp;TikTok proposes new deal with Oracle and Walmart; Trump gives his blessings</a>

According to a report published by Bloomberg News on Sunday, Oracle will take a 12.5% stake in TikTok Global and store all its user data in its cloud to comply with US national security requirements.&nbsp;

Retail giant Walmart said it would take a 7.5% stake.

The two companies would pay a combined $12 billion for their stakes if they agree to a $60 billion asking price, Bloomberg reported.

The final valuation had not been set as the companies worked out the equity structure and measures for data security.

ByteDance was racing to avoid a crackdown on TikTok after the US Commerce Department said on Friday that it would block new downloads and updates to the app from Sunday.

US officials had expressed concern that the personal data of as many as 100 million Americans that use the app were being passed on to China's Communist Party government.

China's ByteDance Ltd is seeking a valuation of $60 billion for TikTok as Oracle Corp and Walmart Inc take stakes in the short-video app's business to address US security concerns.

China's ByteDance Ltd is seeking a valuation of $60 billion for TikTok as Oracle Corp and Walmart Inc take stakes in the short-video app's business to address US security concerns. US President Donald Trump on Saturday said that he supported a deal in principle would allow TikTok to continue to operate in the United States, even as it appeared to conflict with his earlier executive order for China's ByteDance to divest the video app. Also read | TikTok proposes new deal with Oracle and Walmart; Trump gives his blessings According to a report published by Bloomberg News on Sunday, Oracle will take a 12.5% stake in TikTok Global and store all its user data in its cloud to comply with US national security requirements. Retail giant Walmart said it would take a 7.5% stake. The two companies would pay a combined $12 billion for their stakes if they agree to a $60 billion asking price, Bloomberg reported. The final valuation had not been set as the companies worked out the equity structure and measures for data security. ByteDance was racing to avoid a crackdown on TikTok after the US Commerce Department said on Friday that it would block new downloads and updates to the app from Sunday. US officials had expressed concern that the personal data of as many as 100 million Americans that use the app were being passed on to China's Communist Party government.

China's ByteDance seeks $60 billion TikTok valuation in US deal, report says

Popular video-sharing app TikTok has filed a complaint to block the Trump administration's ban on the Chinese social-media network.

TikTok and its parent company, ByteDance Ltd., filed a complaint in a Washington federal court challenging the recent prohibitory moves by the Trump administration.

The US Commerce Department announced a ban on Friday blocking people in the United States from downloading Chinese-owned messaging app WeChat and TikTok starting September 20.

A Bloomberg&nbsp;report cited the complaint as saying that Trump exceeded his authority when he banned the app, and that he did so for political reasons rather than to stop an "unusual and extraordinary threat" to the US, as the law requires.

US President Donald Trump, who has been locked in a long-running trade dispute with China, issued an executive order on August 6 that prohibited US transactions with the Chinese owners of messaging app WeChat and TikTok.

Both ByteDance and TikTok are seeking a "declaratory" judgment and an order "invalidating and preliminarily and permanently enjoining the Prohibitions and the August 6 order," according to the complaint.

TikTok, which has over 100 million users in the United States, said the ban would "irreversibly destroy the TikTok business in the US."

Popular video-sharing app TikTok has filed a complaint to block the Trump administration's ban on the Chinese social-media network. TikTok and its parent company, ByteDance Ltd.

Popular video-sharing app TikTok has filed a complaint to block the Trump administration's ban on the Chinese social-media network. TikTok and its parent company, ByteDance Ltd., filed a complaint in a Washington federal court challenging the recent prohibitory moves by the Trump administration. The US Commerce Department announced a ban on Friday blocking people in the United States from downloading Chinese-owned messaging app WeChat and TikTok starting September 20. A Bloomberg report cited the complaint as saying that Trump exceeded his authority when he banned the app, and that he did so for political reasons rather than to stop an "unusual and extraordinary threat" to the US, as the law requires. US President Donald Trump, who has been locked in a long-running trade dispute with China, issued an executive order on August 6 that prohibited US transactions with the Chinese owners of messaging app WeChat and TikTok. Both ByteDance and TikTok are seeking a "declaratory" judgment and an order "invalidating and preliminarily and permanently enjoining the Prohibitions and the August 6 order," according to the complaint. TikTok, which has over 100 million users in the United States, said the ban would "irreversibly destroy the TikTok business in the US."

TikTok files complaint against Trump administration to block US ban

Sources claimed that Twitter has expressed its interest in TikTok's US operations. It is also being said that Twitter & TikTok held the preliminary talks.

Twitter expresses interest in TikTok's US operations

TikTok's owner ByteDance is seeking a deal with the United States govt. After the news of TikTok ban in US, TikTok is looking to sell it's US operations to any US firm.

Report: TikTok looking to sell its US operations to a US firm

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