President Trump last week announced he’s “pretty much” secured a U.S. buyer for TikTok. And TikTok itself seems to have accepted its fate, as it is reportedly building a U.S.-based version of its app that it will port users to.

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.

We have a buyer for TikTok, by the way. Very wealthy people. It’s a group of wealthy people,” Trump said during an interview with Fox's Sunday Morning Futures, as reported by Bloomberg. He added that he would reveal the names of the buyers “in about two weeks.

The prospective buyer of TikTok’s American operations cited by President Donald Trump is the same investor consortium including Oracle Corp., Blackstone Inc. and venture capital firm Andreessen Horowitz,

The US version is expected to use its own algorithm, resolving the issue of whether China’s ByteDance will share its crown jewel.