Chinese-owned social media platform TikTok mentioned Saturday that negotiations with the US proceed, however any settlement with Washington will probably be topic to Chinese regulation, in response to state-run media.
TikTok’s proprietor, ByteDance, mentioned in a press release that there are essential issues to be resolved.
The firm “has been in discussion with the US government regarding a potential solution for TikTok US. An agreement has not been executed. There are key matters to be resolved. Any agreement will be subject to approval under Chinese law,” it mentioned
The assertion got here after US President Donald Trump introduced Friday that he prolonged the deadline for TikTok’s pressured sale by 75 days, permitting the favored social media platform to proceed working within the US.
It is the second time since January that an extension has been issued to the corporate.
TikTok’s future has remained unsure since laws signed by former President Joe Biden required ByteDance to promote the platform or face a ban. The regulation was upheld by the US Supreme Court regardless of TikTok’s authorized problem.
The platform, which boasts 170 million American customers, briefly went offline earlier than Trump’s inauguration in January however resumed service after he signaled a willingness to rethink the ban.
Several US corporations, together with Amazon, have made bids to accumulate TikTok, in response to media experiences.
Source: www.anews.com.tr