A framework deal has been reached between the U.S. and China over the ownership of social media platform TikTok, U.S. Treasury Secretary Scott Bessent said following trade talks in Madrid.
Senior officials from the United States and China are holding talks in Madrid this week, covering trade disputes, export controls, and the future of TikTok’s US operations. The discussions come as both sides navigate a fragile economic relationship defined by rivalry as much as interdependence.
President Donald Trump said he has American buyers ready for TikTok and could extend ByteDance’s divestment deadline, emphasizing he has no privacy or security concerns.
The White House debuted on TikTok on 20 August with a pro-Trump video, entering the platform even as its future in the U.S. remains uncertain under a looming 17 September deadline.
TikTok is building a new version of its app for U.S. users ahead of a planned sale to American investors, The Information reported, as President Donald Trump prepares fresh talks with China over the platform’s future.
U.S. President Donald Trump says a group of “very wealthy people” is ready to buy TikTok, but the deal will require China’s sign-off—despite looming deadlines under U.S. law.
President Donald Trump is preparing to extend the federal deadline for TikTok’s U.S. ban for a third time, as the June 19 cutoff approaches with no finalized deal in sight, according to government officials.
TikTok was fined 530 million euros ($600 million) by its lead EU privacy regulator on Friday over concerns on how it protects user information and was ordered to suspend data transfers to China if its processing is not brought into compliance within six months.
President Trump has extended ByteDance’s deadline to sell TikTok by 75 days, as talks continue to prevent the app’s shutdown in the U.S.
US Vice President JD Vance denied reports of Elon Musk leaving his government role, confirming he’ll remain an advisor. Vance also touched on efforts to cut government spending and the upcoming decision on TikTok’s future in the US.
President Donald Trump said a deal with TikTok's Chinese parent ByteDance to sell the short video app used by 170 million Americans would be struck before a deadline on Saturday.
U.S. President Trump says he could reduce tariffs and extend a deadline to support the sale of TikTok to a non-Chinese buyer.
Zhang Yiming, the founder of Bytedance and owner of TikTok, has become China’s richest person, according to multiple wealth rankings. Bloomberg Billionaires Index places him as the world’s 24th wealthiest individual, with his fortune estimated between $57.5 billion and $65.5 billion.
Talks led by the White House to determine TikTok’s future are coalescing around a proposal that would have some of ByteDance’s largest non-Chinese investors increase their stakes and acquire the U.S. operations of the popular short video app.
TikTok, the popular social media platform owned by Chinese firm ByteDance, remains in a state of flux amid ongoing legal, political, and security challenges in the United States.
U.S. President Donald Trump said on Sunday that his administration is in contact with four different groups regarding the sale of TikTok, the popular Chinese-owned social media platform.
Britain’s Information Commissioner’s Office has launched an investigation into how TikTok, Reddit, and Imgur handle and safeguard the personal data of child users. The inquiry comes amid growing concerns over the potential exposure of harmful content to young audiences on social media platform.
Frank McCourt announced on Monday that Alexis Ohanian, co-founder of Reddit and a noted venture capitalist, has joined his bid to acquire TikTok's U.S. operations.
ByteDance’s TikTok announced a major investment plan during an event in Bangkok on Friday, revealing that the popular social media platform will invest $8.8 billion in data centres across Thailand over the next five years.
San Francisco/New York, February 24, 2025 – In a significant milestone for the creator economy, TikTok - together with its Chinese counterpart Douyin - generated $6 billion in in-app purchase (IAP) revenue in 2024, making it the first non-game app to achieve this feat in a single year.
TikTok returned to the U.S. app stores of Apple and Google on Thursday as President Donald Trump delayed a ban on the Chinese-owned social media app and assured the tech giants they would not be fined for distributing or maintaining it.
U.S. President Donald Trump signed an executive order on Monday ordering the creation of a sovereign wealth fund within the next year, saying it could potentially buy the short video app TikTok.
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