Euro, China and TikTok
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China’s government on Monday sidestepped a question on US President Donald Trump’s recent claim that he “pretty much” has a deal with Beijing to bring TikTok into American ownership and that talks with China over the popular short-video app could begin early this week.
President Trump is expected to talk with Chinese officials this week about a possible TikTok deal. Here's what we know.
Under a US law, TikTok must be sold or banned in the US by September 17. Trump appears to have been stuck in a tough spot all year, because the final terms of the deal may not allow current owner ByteDance to own more than 20 percent of the platform or maintain any control over TikTok's algorithm or data-sharing practices.
TikTok is building a new version of its app for users in the United States ahead of a planned sale of the app to a group of investors, The Information reported on Sunday, citing unnamed sources.
An Irish regulator assisting the European Union in data privacy matters said on Thursday that it had launched an investigation into TikTok over the transfer of users' personal data to China. The Data Protection Commission said it was informed by TikTok in April "that limited EEA (European Economic Area) user data had been stored on servers in China,
There will be no sale of TikTok to American investors until Chinese President Xi Jinping is confident he has extracted as much as he can in terms of a favorable trade deal with the White House,
From Larry Ellison’s new power consolidation to an app that simply may not be as good, the key variables as a multiyear saga could finally be ending.
ByteDance, the parent company of TikTok and CapCut, is planning to launch U.S.-specific version of the popular apps.