
"As a quick recap, back in September, the White House Senate-approved " issued an official statement which outlined how President Trump had saved TikTok by signing an agreement that would see an Oracle-led consortium take control of a U.S.-specific version of the app, thus meeting the requirements of the Protecting Americans from Foreign Adversary Controlled Applications Act ," which went into effect on January 19th 2025."
""The Chinese government hopes that relevant parties can reach a solution regarding TikTok that complies with Chinese laws and regulations and achieves a balance of interests." He further noted that while Chinese and U.S. negotiators had reached a preliminary framework that would address issues around TikTok's operations in the U.S., the CCP also wanted to ensure that the U.S. maintains "a fair, open, transparent and non-discriminatory business environment for Chinese companies" operating in the nation."
In September the White House issued a Senate-approved statement outlining that President Trump preserved TikTok by signing an agreement for an Oracle-led consortium to take control of a U.S.-specific version of the app. The arrangement was designed to meet the requirements of the Protecting Americans from Foreign Adversary Controlled Applications Act, which took effect January 19, 2025. The Chinese government expressed hope that relevant parties would reach a solution that complied with Chinese laws and balanced interests. Chinese and U.S. negotiators reached a preliminary framework to address TikTok's U.S. operations. The CCP emphasized that the U.S. should maintain a fair, open, transparent and non-discriminatory business environment for Chinese companies.
Read at Social Media Today
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