ByteDance seeks China's approval for TikTok transaction



TikTok's Chinese parent company, ByteDance, said it is seeking Beijing’s approval for a plan supported by the White House to turn this short video application into a company based in the United States. This move officially put the fate of this year's most popular social media asset in the hands of the Chinese government.

TikTok's Chinese parent company, Bytedance Inc., said it is seeking Beijing’s approval for a White House-supported plan to turn the short video application into a company headquartered in the United States. This move officially put the fate of this year's most popular social media asset in the hands of the Chinese government.