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Deal is done to keep TikTok in the US, says Trump
The social media platform had faced a ban in the US over national security concerns.
After the talks, Wang Jingtao, deputy head of China's cyberspace administration, suggested in a press conference the agreement included "licensing the algorithm and other intellectual property rights". He added: "The Chinese government will, according to law, examine and approve relevant matters involving TikTok, such as the export of technology as well as the license use of intellectual property." In January, the US Supreme Court upheld a law, passed in April 2024, banning the app in the US unless its Chinese parent company ByteDance sold its US arm.
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