Future Tiktok In the United States, it is on harder land.
President Donald Trump and President of China Xi Jinping developed a plan that, as you know, manually control the American business application for American investors, while reducing the possession of the Chinese maternal company by BYTEDEDANCE.
The transaction is concluded after several months of lack of trade negotiations and can form not only how 170 million Americans use this application, but also how Trump balances the problems of national security and Beijing relations.
“We have achieved progress on many very important issues, including trading, fentanil, the need to put an end to the war between Russia and Ukraine, and the approval of the transaction with Tiktok,” Trump Shared with the truth of socialwithout providing additional details. “The call was very good, we will talk again on the phone.”
The president, however, confirmed that he and XI agreed to meet at the Summit on Economic Cooperation in the Asia-Pacific region in South Korea, with mutual trips to each other at the end of this year.
President XI is similarly called positive and constructive, According to SinhuaState media company. Si added that China “respects the desires of the company”, insisting that any transaction is observing Chinese law and protecting its powers regarding the main technologies of Tiktok. He also urged the United States to provide a “fair, open and non-discriminatory business environment” for Chinese companies.
A Agreement “Structure” To put a popular application on social networks under the control of American investors, it has already been discussed between world leaders at the beginning of this week. The application became an instrument of negotiations during the months of struggle for tariff rates between China and the USA, which led to an agreement on the adoption of a 90-day pause for tariffs, which was later extended in July.
Here's what to know.
Who belongs to Tiktok now?
Under Reports about the terms In this transaction, Tiktok operations in the United States will conduct a consortium of investors, including companies such as Oracle, Andreessen Horowitz and Silver Lake Wall is stroke MagazineThe Consortium Consortium will have a total of 80% of the application of the application, while Chinese investors will still maintain control over the remaining 20% to observe the US Law.
It is expected that several investors who donated Trump 2024 to the Trump campaign. They include a billionaire Jeff Yass, co -founder of Susquehanna International, one of the existing patrons who would retain a significant share, and William Ford, General of the Atlantic General and a member of the BICTOR of the BYTEDEDANCE.
Will Tyktok be the same?
It remains unclear whether the application algorithm will be the key to its success, but also the central item in national security matters – to continue the control of BYTEDANCE.
The White House did not immediately respond to Time's request about the comments on Friday, but the representative previously stated that “any details of the Tiktok structure are pure speculation if they are not declared this administration.”
Van Jzingtao, Deputy Director of the Cyberspace Administration of China, said at a press conference earlier this week, that the algorithm is expected remain the same From the license agreements. Wall Street JournalNevertheless, it was reported that Tiktok engineers will work on a new application that American users should have to go on, which will focus on the algorithm licensed from Baedance, but “recreated” by American engineers.
Wang added that the BYTEDANCE partner will also take control of the US User Data and Content Security.
Why was Tiktok banned in the United States in the first place?
Interest in Tiktok and its potential safety problems appeared after the acquisition of the Chinese byistan Musical.lyA similar application for social networks, which later developed in Tiktok.
The application exploded in popularity: more than 170 million Americans use the application. About 7.5 million American enterprises, in which about 28 million people work, rely on the platform, According to 2024 from TiktokField
But many politicians, including Trump during its first period, previously called for the ban on the application from the same concerns about the potential collection of data from US citizens. The Ministry of Justice (the Ministry of Justice) previously stated that the Chinese company poses a “threat to national security of great depth and scale.” In particular, China can potentially pursue, recruit and spy on the United States due to the collection of data, the general solicator of the Ministry of Justice Elizabeth Pererug said in the Supreme Court last year.
The two -party bill of 2024 banned Tiktok in the United States, if 80% of its assets were not provided to US operators. Nevertheless, national sentiments regarding the tickts have somewhat shifted. The Trump administration fought to maintain an application in the United States as a result of his alleged role in providing Trump's assistance to win the presidency, and the president extended the deadline for Baitedance to take the application to the US owner at least four times.
“Tiktok is of great value,” Trump said during his state visit to the UK on Thursday. “The United States has such value in his hand, because we are those who should approve it.”
