ByteDance owns both TikTok and Douyin, and although TikTok has more users around the world, Douyin is the company’s cash cow and a China mainstay. By Claire Fu and Daisuke Wakabayashi Reporting from ...
A deal between the United States and China to spin off the US assets of Tik Tok was put on hold after President Donald Trump's announcement of reciprocal tariffs. China halted the deal on Thursday ...
President Donald Trump’s tariffs announcement this week prompted China to back out of a potential deal to save TikTok. The Trump administration was close to finalizing a deal for U.S. investors to own ...
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