US President Trump signs new executive order to postpone TikTok's US banat least 75 daysAfterwards, TikTok immediately resumed its services in the United States, and earlier put its app back on the Google Play Store and Apple's App Store, allowing users to download and install it again, while also continuing to attract more new users to download and use it.
The re-listing of TikTok on the two major software market platforms is obviously consistent with the Trump administration's confirmation that TikTok will be restored to the shelves.Will not constitute illegal endorsementrelated.
ByteDance has not yet confirmed how TikTok's US business will continue to exist, but it is possible that it will continue to exist by selling a certain amount of equity or allowing a US-based business to hold at least 50% of the equity by establishing a new joint venture. However, under the pressure of domestic Chinese regulations and related opinions, it seems difficult for ByteDance to continue to use this method to keep TikTok's US business.
As forPressIt is said that TikTok CEO Chow Sau-chi proposed during a recent White House meeting to establish a joint venture led by American investors, with its headquarters located in the United States, and all data stored in the United States, in order to eliminate the US government's concerns that TikTok data may be transmitted back to China.
However, the US government does not seem to have made any further explanation on whether TikTok will stay in the United States. It may have to wait until the deadline for Trump to sign an executive order to postpone the TikTok US ban for at least 75 days expires, or whether there will be a clear approach before it expires.
