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China holds firm on TikTok as US pushes for ownership shift

I

By Invezz Markets

4 months ago

Article Summary

TikTok’s US deal nears completion as Oracle, Andreessen Horowitz, and Silver Lake prepare American takeover. [https://invezz.com/wp-content/uploads/2025/09/TikToks.webp] On Saturday, China restated its stance on TikTok’s future in the United States, one day after President Donald Trump announced that a deal to put the short video app under US authority was in the works. “The Chinese government respects the wishes of the enterprise, and welcomes it to carry out commercial negotiations in accordance with market rules to reach a solution compliant with China’s laws and regulations, and strikes a balance of interests,” a statement issued by China’s Commerce Ministry read. The ministry highlighted that this posture has remained unchanged throughout the last week. The app, controlled by Beijing-based ByteDance, has become a hotspot in US-China ties, prompting questions about its corporate structure and the extent of Chinese influence over its technology. With 170 million American users, TikTok’s future has repercussions not only for the internet industry but also for global trade talks between the world’s two largest economies. OUTSTANDING QUESTIONS IN THE US-CHINA TALKS Trump was optimistic after his call on Friday…

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About This Story

Published:September 20, 2025 at 01:40 PM

Source:Invezz Markets

Category:News

Reading Time:~2 min on source

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