TikTok has resumed services in the United States, and Trump plans to set up a joint venture to maintain TikTok operations

PANews News on January 20, according to Xinhuanet, around 9:30 US Western Time on the 19th (1:30 Beijing time on the 20th), TikTok issued a statement on social media saying that the company had reached an agreement with Internet service providers Consistent, related services are being restored. The reporter immediately checked and found that the TikTok application had returned to normal use and the TikTok website had also returned to normal.

In addition, according to China Business News, on January 19, Beijing time, US President-elect Trump announced that he would issue an executive order on Monday to extend the time before TikTok’s “sell or ban” law takes effect, so as to protect national security. According to the agreement, any company that helps TikTok continue to operate will not bear any responsibility before the order is issued. Trump plans to set up a joint venture in which the United States owns 50% of the shares, which will ensure control of TikTok and allow it to continue operating. It should be noted that ByteDance has stated many times before that it will not sell TikTok’s US assets.