A deal between the United States and China to spin off the US assets of Tik Tok was put on hold after President Donald Trump's announcement of reciprocal tariffs. China halted the deal on Thursday ...
In 2020, a similar arrangement between ByteDance, Oracle and Walmart fell apart after China revised its export control list.
State-controlled outlet China Daily is the source for the latest development, suggesting that the deal may not be final as had been suggested.
President Donald Trump’s tariffs announcement this week prompted China to back out of a potential deal to save TikTok. The Trump administration was close to finalizing a deal for U.S. investors to own ...
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