“The Chinese government will, according to law, examine and approve relevant matters involving TikTok, such as the export of technology as well as the licensing of intellectual property,” Wang said, adding that Washington and Beijing agreed that Bytedance would entrust a partner with TikTok U.S.’s user data and content security.

Trump’s latest TikTok deal moves forward as U.S. and China reach terms, reshaping ownership while aiming to avoid another major tech clash.

President Donald Trump on Tuesday announced an agreement between the U.S. and China to keep TikTok operating in the United States, with three sources familiar with the matter saying the deal was similar to one discussed earlier this year.

Oracle shares rose Tuesday on a report that the software firm is among a consortium of companies that would let Chinese-owned TikTok to continue operating in the U.S.—if a “framework deal" between Beijing and Washington is finalized.

Trump plans to discuss the deal with Xi Jinping, potentially finalizing TikTok’s future in the US market. TikTok’s long-running regulatory saga in the US has taken a decisive turn this week, with a tentative deal now on the table that could reshape the app’s future in one of its most profitable markets.

China is pressuring Nvidia as TikTok talks advance with Xi Jinping aiming to cast Beijing as a technology supplier while Trump holds firm on tariffs

Washington — President Trump suggested Monday that his administration reached a deal regarding TikTok, and said he will be

US President Donald Trump and Chinese President Xi Jinping will have plenty to discuss this week in their first conversation since June, with TikTok, Boeing planes, rare earth magnets and Taiwan among top items for negotiation.

President Donald Trump on Tuesday announced a deal to keep TikTok operating in the United States, with three sources saying the deal was similar to those from previous discussions.