China has provided the clearest evidence yet that it is prepared to provide this will allow TikTok to operate in the US. The country previously said it would block any forced sale of the app, but said otherwise after President-elect Donald Trump said he would TikTok between US and Chinese interests.
“When it comes to actions such as operating and acquiring enterprises, we believe that they should be taken by companies independently in accordance with market principles,” Chinese Foreign Ministry spokesman Mao Ning said. . “When it comes to Chinese companies, Chinese laws and regulations must be followed.”
Mao noted that TikTok “has played a positive role in boosting employment and consumption in the United States” and expressed the ministry's hope that “the United States will sincerely listen to the voice of reason and provide an open, honest, fair and non-discriminatory business environment for the market.” subjects from all countries.”
A law banning TikTok in the US went into effect on Sunday. Video sharing app . Users couldn't download it from app stores, and even people overseas with a US TikTok account couldn't access it.
Service was restored hours after Trump vowed to sign an executive order on Monday, following his inauguration, “to extend the period of time before the law's restrictions take effect so we can make a deal to protect our national security.” The order will also confirm that no company that helped prevent TikTok from disappearing before my order will be held liable in any way.”
According to “Wall Street Journal” Tik Tok and Company founder Zhang Yiming has a key contact who could pave the way for at least partial ownership of TikTok US in Elon Musk. He reportedly spoke with a Trump confidant in late 2024, when it became more likely that the law would take effect. Zhang is reported to have a majority stake in TikTok's parent company through voting rights, but he does not currently hold an executive position at ByteDance.