"US president Donald Trump said he plans to meet Chinese Premier Xi Jinping in South Korea next month following a phone call in which the Chinese leader also approved of a deal to take control of TikTok's US operations. Trump wrote on Truth Social the call was "productive" and the approval was "appreciated", adding that he would travel to China next year after the two meet."
"That deal will reportedly see a group of US firms- said to include Oracle - that would enable TikTok to continue operating in the US, using algorithm technology licensed from ByteDance. Xinhua reported that China's position on TikTok is "very clear" and that it welcomed firms to "conduct commercial negotiations based on market rules and reach solutions that comply with Chinese laws and regulations and a balance of interests"."
"Trump, however, delayed implementing the ban four times since it was first announced in January, and earlier this week extended the deadline again to December. In his post, Trump wrote the two "made progress" on trade issues and would meet at the Asia-Pacific Economic Cooperation summit in South Korea, scheduled to begin at the end of October. That, he said, would be followed by a visit to China and a subsequent visit by Xi to the US."
Donald Trump plans to meet Chinese Premier Xi Jinping in South Korea next month after a phone call in which Xi approved a deal for control of TikTok's US operations. Trump called the call "productive" and the approval "appreciated." TikTok, owned by ByteDance, had been ordered to sell its US operations or face shutdown; the ban deadline has been delayed multiple times and extended to December. The reported deal would involve US firms, reportedly including Oracle, licensing algorithm technology from ByteDance to allow TikTok to continue operating in the US. Xinhua said China welcomes market-based commercial negotiations that comply with Chinese laws.
Read at www.bbc.com
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