ByteDance is said to be building a new, US-only version of the TikTok app that it will release on September 5. According to The Information, the company is moving ahead with this plan to comply with legislation requiring it to sell its TikTok business in the US or face a nationwide ban.

TikTok's owner, ByteDance, has plans to move Americans to a US-specific version of CapCut as it looks to meet requirements for a divest-or-ban law.

To abide by American law, TikTok's Chinese owner, ByteDance, must sell the app to someone who will operate it within the US.

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.

The new US-only app is designed to function independently, and users from outside the US will not find the American version in their app store. Read more at straitstimes.com. Read more at straitstimes.

TikTok owner ByteDance is developing a replacement app intended for US-based users, according to a report, as President Trump says a deal with an American buyer is 'pretty much done.'

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.