HONG KONG—Chinese state media took turns denouncing a White House-approved plan to turn TikTok into a U.S.-based company, casting more doubt over the fate of the Chinese-owned short-video app that needs nods from both Beijing and Washington to avoid a ban in the U.S. Over the weekend, TikTok appeared to narrowly avoid having to shut … Read more
A White House-approved plan to transform TikTok into a U.S.-based company would keep the operation of the viral short-video app, and likely the algorithm that has powered its rise, in Chinese hands. This structure improves the deal’s chances of finding favor in Beijing, which had threatened to veto a sale. President Trump said Saturday he … Read more
WASHINGTON—President Trump has told advisers he is uncomfortable with a pending deal for Oracle Corp. to become TikTok’s U.S. technology partner, according to people familiar with conversations, in another sign that the proposed tie-up isn’t yet a done deal. Mr. Trump’s private concerns were echoed publicly on Thursday by White House chief of staff Mark … Read more