TikTok had over 170 million US users in 2024|Ivan Radic|CC BY 2.0
President Donald Trump stated yesterday that he has identified “a group of very wealthy people” interested in buying the Chinese ByteDance-owned TikTok app, which faces a US government deadline to divest or sell.
In a Fox News interview, Trump said he won’t reveal more details for two weeks but believes Chinese President Xi Jinping will likely approve the deal.
The deadline for ByteDance to sell US TikTok was extended for a third time to September 17 by President Trump this month.
The short video app had over 170 million US users in 2024. Its future remains in limbo as US-China tariff negotiations have taken mainstage since January.