ByteDance has stated that it has no plans to sell Tiktok.
TikTok’s Chinese parent business confirmed this in a recent statement.
Foreign media reports that, ByteDance is considering selling TikTok are false,” the business said in a statement on Toutiao, the news aggregation app it operates. “ByteDance doesn’t have any plan to sell TikTok.”
The statement was in response to an article by The Information on Thursday saying “ByteDance is exploring scenarios for selling TikTok’s US business without the algorithm that recommends videos to TikTok users”.
The development followed after the US passed a law to force ByteDance to sell the hugely popular video app or be banned in America.
The sell-or-ban measure was signed into law by US President Joe Biden on Wednesday.
The bill, passed by the senate on Tuesday, follows concerns among US lawmakers that China could access Americans’ data or use the app for surveillance.
