The Chinese government would like to see companies reach solutions that comply with Chinese laws and regulations and balance the interests of all parties, a commerce ministry spokesperson said on Thursday when asked about the hand-over of TikTok’s U.S. operations. TikTok’s Chinese owner, ByteDance, last week signed binding agreements to hand control of the short video app’s U.S. operations to a group of investors, including Oracle, in a big step toward avoiding a U.S. ban and ending years of uncertainty.
“It is hoped that…
