Both the US and China have indicated that more work needs to be done to iron out final differences on a proposal for Beijing-based ByteDance to divest its majority stake in the video-sharing platform in the US. In a statement earlier Friday, China’s foreign ministry stopped short of saying that Beijing had given its final blessing and urged fair treatment of Chinese interests.
President Donald Trump said that his Chinese counterpart Xi Jinping had given approval to a sale of TikTok’s US operations to American investors, though he acknowledged that some final steps still need to be worked out.
“I had a great call with President Xi and as you know, and approved the TikTok deal, and we’re in the process,” Trump told reporters at the White House hours after speaking with the Chinese leader. “We look forward to getting that deal closed.”
