The video platform’s ownership will reportedly be transferred to a consortium of American investors to avoid being banned in the country
US and Chinese negotiators have reached a framework deal on TikTok, expected to save the platform from being banned in the US.
Treasury Secretary Scott Bessent, who led the US delegation at talks with China that were held in Spain, said the commercial terms had been agreed upon by both sides.
At a news conference at the Chinese Embassy in Madrid, Li Chenggang, Beijing’s top negotiator, said the two sides had achieved a “basic framework consensus” on TikTok-related issues, calling the talks “candid, in-depth…
Read the full article at RT.COM
