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TikTok Global

In this photo illustration, the social media application logo, TikTok is displayed on the screen of an iPhone on an American flag background on August 3, 2020 in Arlington, Virginia. – President Donald Trump said Monday that Chinese-owned hugely popular video-sharing app TikTok will be “out of business” in the United States if not sold to a US firm by September 15, 2020.”I set a date of around September 15, at which point it’s going to be out of business in the United States,” he told reporters. (Photo by Olivier DOULIERY / AFP)

China: US ‘abusing power’ by squeezing TikTok

Beijing on Monday accused the Trump administration of abusing “national power” by trying to ban TikTok, as a federal court gave the video app’s US operations a stay of execution.
President Donald Trump is days away from announcing strong action against the popular Chinese-owned video sharing app TikTok to protect US national security, Secretary of State Mike Pompeo said Sunday.

US Judge halts Donald Trump’s ban on TikTok

TikTok won a last-minute reprieve late Sunday as a US federal judge halted enforcement of a politically charged ban ordered by the Trump administration on downloads of the popular video app, hours before it was set to take effect.

Judge blocks US ban on WeChat that was set to go into effect today

A judge in California has blocked the Commerce Department’s ban on new downloads of China-based messaging app WeChat, Reuters reported Sunday. US Magistrate Judge Laurel Beeler said in her order that WeChat users showed “serious questions going to the merits of the First Amendment claim, the balance of hardships tips in the plaintiffs’ favor.”
President Donald Trump is days away from announcing strong action against the popular Chinese-owned video sharing app TikTok to protect US national security, Secretary of State Mike Pompeo said Sunday.

Donald Trump to approve new TikTok setup in bid to save US operations

US President Donald Trump said on Saturday he supported a deal in principle that would allow TikTok to continue to operate in the US, even as it appeared to conflict with his earlier order for China’s ByteDance to divest the video app.
China’s ByteDance has agreed to divest the U.S. operations of TikTok completely in a bid to save a deal with the White House, after President Donald Trump said on Friday he had decided to ban the popular short-video app.

TikTok owner seeking $60 billion valuation in US deal

China’s ByteDance Ltd. is seeking a valuation of $60 billion for TikTok as Oracle Corp. and Walmart Inc. take stakes in the short-video app’s business to address U.S. security concerns, according to a person familiar with the matter.
The Trump administration will ban WeChat and video-sharing app TikTok from U.S. app stores starting Sunday night, a move that will block Americans from downloading the Chinese-owned platforms over concerns they pose a national security threat.

WeChat, TikTok see US downloads climb ahead of Donald Trump administration ban

Preliminary data from analytics platform Sensor Tower showed Chinese-based WeChat had 10,000 installs in the US Friday, a 150 percent increase from Thursday and a 233 percent week-over-week increase. That’s the largest number of WeChat installs in the US in one day since October 7th, 2019.
China’s ByteDance has agreed to divest the U.S. operations of TikTok completely in a bid to save a deal with the White House, after President Donald Trump said on Friday he had decided to ban the popular short-video app.

ByteDance mulls TikTok IPO to clinch U.S. agreement

An IPO of TikTok would be one of the technology sector’s biggest-ever stock market debuts, given that the app was recently valued by ByteDance investors at more than $50 billion. It would further reduce ByteDance’s stake in the company to appease U.S. officials who want to see the Chinese firm loosen its grip on the video app.

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