China’s ByteDance will get 1 of 7 board seats for TikTok’s US operations, official says

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A U.S.-China agreement on TikTok‘s U.S. operations includes China’s ByteDance choosing one of seven board members for the new entity, with Americans holding the six other seats, a senior White House official said on Saturday.

President Donald Trump is trying to keep the short video app with 170 million U.S. users from being banned after Congress passed a law in 2024 that ordered it shut down by January 2025 if its U.S. assets were not sold by owner ByteDance.

Trump has delayed enforcement of the law through mid-December amid efforts to extract TikTok’s…



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China’s ByteDance will get 1 of 7 board seats for TikTok’s US operations, official says



A U.S.-China agreement on TikTok‘s U.S. operations includes China’s ByteDance choosing one of seven board members for the new entity, with Americans holding the six other seats, a senior White House official said on Saturday.

President Donald Trump is trying to keep the short video app with 170 million U.S. users from being banned after Congress passed a law in 2024 that ordered it shut down by January 2025 if its U.S. assets were not sold by owner ByteDance.

Trump has delayed enforcement of the law through mid-December amid efforts to extract TikTok’s…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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