President Donald Trump praised Chinese President Xi Jinping on social media for approving TikTok's new joint venture deal, which became official on Friday.

Tiktok ban off the table after Bytedance secures deal with US government - President Trump said he hoped he would be ‘remembered by those who use and love TikTok’ for ‘saving’ the popular video app

Donald Trump celebrated a new deal for TikTok's US operations, now a majority American-owned joint venture, crediting himself for "saving" the platform. The agreement, which sees ByteDance retain a minority stake,

TikTok finally closed a deal meant to bring it into compliance with the law that should have banned it a year ago, and the lawmakers who passed that law still don’t seem to know what’s going on.

TikTok, U.S. Government reached a deal to keep the app's services online for users, as both agreed on a Joint Venture LLC.

Noting that TikTok, among other things, was responsible for him securing the youth vote in the 2024 US Presidential elections, Trump went on to thank Xi Jinping, as well Vice President J D Vance and others of his administration who helped push the deal over the finishing line.

TikTok USDS Joint Venture now runs TikTok in the United States, as the popular video sharing app avoids being banned following threats from the US government.

TikTok has announced that it has finalized a deal to establish a majority American-owned joint venture, allowing the app to continue operating in the United States indefinitely. First agreed in December,