Donald Trump Hints TikTok Deal Reached With China
US President Donald Trump on Monday announced a deal with a "certain company" as talks are underway with China to settle the two countries' dispute over social media giant TikTok.
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- From: India News Bull
US President Donald Trump revealed Monday that an agreement has been secured with a "certain company" amid ongoing negotiations between the United States and China regarding the popular social media platform TikTok.
"A deal was also reached on a 'certain' company that young people in our Country very much wanted to save," Trump stated on Truth Social, after highlighting that a trade meeting involving the United States, the European Union, and China had proceeded "VERY WELL."
Trump mentioned he is scheduled to speak with Chinese President Xi Jinping this Friday.
TikTok represents just one of more than 100 applications developed during the past decade by ByteDance, a technology corporation established in 2012 by Chinese entrepreneur Zhang Yiming with its headquarters located in Beijing's northwestern Haidian district.
The application gained significant popularity during COVID-19 pandemic lockdowns, when viral short dance videos became a prominent feature of the platform. In response to this competition, Instagram and YouTube eventually introduced their own short-form video capabilities, known as Reels and Shorts respectively. By that time, TikTok had already established itself as a genuine success.
TikTok's rise to prominence brought accompanying challenges. American officials expressed apprehension regarding the company's Chinese origins and ownership structure, citing laws in China that mandate Chinese companies provide data when requested by the government. Additional concerns emerged regarding the proprietary algorithm that determines content displayed to users on the application.