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Trump grants 75-day extension for TikTok sale

US President Donald Trump announced on Apr. 4, a 75-day extension for the deadline requiring ByteDance to sell its US assets of TikTok.

He noted that progress had been made in negotiations but said more time is needed to finalize necessary approvals.

Trump expressed a desire to prevent the app from being shut down in the US.

The extension comes amid ongoing discussions involving TikTok, its Chinese parent company ByteDance, and US authorities.

Recent ByteDance developments

Timeline
02-Apr-2025 🇸🇬 ByteDance founder denies acquiring Singapore citizenship
  • Zhang Yiming denies Singapore citizenship claims
  • Report about his citizenship quickly retracted
28-Mar-2025 📉 ByteDance pressures US team as TikTok Shop falls short
  • ByteDance scrutinizes US ecommerce after sales miss
  • Shifting strategy from livestreams to short videos
12-Mar-2025 ⚙️ ByteDance improves AI training efficiency with new system
  • ByteDance boosts LLM training efficiency 1.71x
  • New MoE system saves millions of GPU hours
05-Mar-2025 📈 ByteDance to buyback US employees’ shares at $312b valuation
  • ByteDance launches $312B stock buyback plan
  • Share price rises to $189.90, boosting investor confidence
23-Feb-2025 📈 ByteDance valued over $400b by major investors
  • ByteDance valued over $400B by major investors
  • Strong revenue growth and AI potential drive valuation

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