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China eases stance on TikTok deal in US

Chinese authorities may be adopting a more flexible stance on TikTok’s future.

This could allow its parent company ByteDance to engage in discussions with American investors, according to sources familiar with the situation.

This change coincides with a recent statement from US President Donald Trump.

He expressed interest in reaching an agreement concerning TikTok.

On Jan. 20, Trump signed an executive order extending a 75-day deadline for American firms to stop hosting TikTok unless ByteDance divests its US operations.

Recent ByteDance developments

Timeline
15-Jan-2025 🖥️ ByteDance plans $614m AI center in China
  • ByteDance invests $614M in Datong AI center.
  • Facility will support training for AI operations.
09-Jan-2025 📱 ByteDance promotes Lemon8 amid TikTok’s potential US ban
  • ByteDance promotes Lemon8 amid TikTok ban fears
  • Lemon8 reports over 1 million daily active users
08-Jan-2025 🎬 ByteDance launches Melolo app, expands short drama team
  • ByteDance recruits for overseas drama teams
  • Melolo app launched, offers free short dramas
03-Jan-2025 🚫 ByteDance denies AI phone partnership with China’s Nubia
  • ByteDance denies AI smartphone partnership rumors
  • Reports claimed project launch expected this September
02-Jan-2025 🖥️ ByteDance refutes $7b Nvidia chip claims

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