Published 9 days ago

TikTok's Chinese parent company denies reports it plans to sell its U.S. business

ByteDance denies foreign media reports of TikTok sale exploration, as stated on Toutiao app.
Chinese government opposes forced TikTok sale, citing its technology's value and its ability to veto any sale by ByteDance.
US legislation poses serious risk to TikTok, potentially requiring a new owner or facing a ban in the US.

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BBC News

No plans to sell TikTok, says Chinese parent firm

The US passed a law this week to force the sale of the popular video app or be banned in America.

9 days ago·United Kingdom

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The Guardian

ByteDance would shut down TikTok in US rather than sell it, sources say

App’s ‘secret source’ algorithm reportedly core to operations of parent company, which sources say make a sale highly unlikelyByteDance would prefer to shut down TikTok rather than sell it if the Chinese company exhausts all legal options to fight legislation to ban the platform from app stores in the US, four sources said.The algorithms TikTok relies on for its operations are deemed core to ByteDance’s overall operations, which would make a sal…

10 days ago·London, United Kingdom

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The Independent

TikTok owners say they have no plans to sell in US and ‘would prefer shutdown’

Parent company may refuse to sell the app even without its algorithm, sources say

9 days ago·London, United Kingdom

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Reuters

ByteDance denies media report of plan to sell TikTok

ByteDance has no plan to sell TikTok, the company's official account said in a statement posted on Toutiao, a media platform owned by the China-based firm.

9 days ago·United Kingdom

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NDTV

TikTok's Parent Company Says "No Plans To Sell" After US Ban Law

TikTok parent ByteDance has said it has no intention of selling it, after the US Congress passed a law forcing it to sell the hugely popular video platform or get banned in the United States. ByteDance's comment came after the tech business-focused news site The Information reported that the Chinese tech giant was looking at potential scenarios for selling TikTok without the coveted recommendation algorithm that powers it. "Foreign media reports…

9 days ago·New Delhi, India

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Hindustan Times

ByteDance prefers TikTok shutdown in US instead of selling it: Report

TikTok accounts for a small share of ByteDance's total revenues, so the parent would rather have the app shut down in the US in a worst case scenario.

9 days ago·New Delhi, India

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