The U.S. government is about to issue an executive order forcing Byte Dance to sell its U.S. business, the short video app TikTok, citing national security concerns,media reported. Asked in an interview on July 31whether he would announce the decision on TikTok, Mr Trump said: “We are looking at TikTok, we may ban TikTok, we may do other things, there are a lot of options.” A lot is happening and we’ll see. We are looking for many alternatives to TikTok. “
According to the latest reports in the domestic media, Byte Dance responded to the change of ownership of TikTok: the company does not comment on rumors or speculation. We are confident in the long-term success of TikTok. ByteDance also says that hundreds of millions of users are creative with TikTok, and that creators on the platform are reaping the benefits. TikTok is committed to protecting the privacy and security of its users and will continue to work to bring joy to tens of millions of families and bring meaningful causes to creators on the platform.
Microsoft is in talks with Byte Dance about buying TikTok, according to people familiar with the matter. But the current progress of the negotiations between the two sides, the details of the details are not known.
Some commentators believe that Microsoft could mitigate the regulatory risk of TikTok if it completes a successful acquisition. At TikTok’s size, the acquisition is at least $10 billion.
ByteDance launched In 2016 and in 2017 in the international market, named TikTok, according to the data.
TioTok currently has 800 million live users in 155 markets, ranking seventh in the world and by far the most successful international china’s mobile Internet application, according to third-party data.