TikTok, a privately owned company founded in 2016, is a short-form mobile video app offering streaming services. Headquartered in the US, it employs approximately 46,980 people and is a subsidiary of ByteDance.
On an unspecified date, President Donald Trump and Chinese President Xi Jinping planned to discuss a potential agreement to allow TikTok to operate in the United States, potentially easing trade tensions. Later, President Trump announced that Lachlan Murdoch, Larry Ellison, and Michael Dell would be U.S. investors in a deal enabling TikTok's continued operation in the United States. This information was confirmed in a Fox News interview on "The Sunday Briefing," with President Trump again naming Murdoch, Ellison, and Dell as key figures in the negotiations. These negotiations occurred amidst concerns about the app's user base and data privacy. A separate event, unrelated to the TikTok deal, involved a group of U.S. lawmakers visiting China on September 21, 2023, to improve relations between the two countries.
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