TikTok’s Chinese owner ByteDance ‘prefers independent spin-off over Microsoft sale’ as Donald Trump threatens ban

TikTok’s Chinese owner ByteDance ‘prefers independent spin-off over Microsoft sale’ as Donald Trump threatens ban
TikTok could become totally independent from its Chinese owner ByteDance to continue operating overseas, according to a source who has been briefed on the discussions.But the source said that despite reports that the video-sharing platform would be taken over by Microsoft, ByteDance founder Zhang Yiming and investors were reluctant to sell to the US company.Over the weekend, US President Donald Trump said he wanted to ban the app, which has faced growing concerns internationally over privacy…

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Market news summary from South China Morning Post Market News.
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