Trump plans to set up joint venture to maintain TikTok operations
2025-01-19 16:31:20
On January 19, Beijing time, US President-elect Trump announced that he would issue an executive order on Monday to extend the time before TikTok "sell or ban" law takes effect, so that an agreement to protect national security can be reached. Before the order is issued, any company that helps TikTok continue to operate will not be held responsible. Trump plans to establish a joint venture in which the United States owns 50% of the shares, so as to ensure that it can control the TikTok and continue to operate. It should be noted that ByteDance has repeatedly stated that it will not sell TikTok US assets. (First Finance)
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