Chinese Company Appears to Ignore Threat of U.S. Ban, Says It ‘Has No Plans’ to Sell TikTok: Report

According to Toutaio, a news and information content platform that is a core product of the Chinese company ByteDance, the parent company of TikTok, ByteDance has no plans to sell TikTok.

Last weekend, Congress passed a measure that gave ByteDance nine months to sell TikTok or it will be banned in the United States. If a sale is in progress during those nine months, an additional three months would be added. On Wednesday, President Biden signed the measure into law.

“Foreign media reports that ByteDance is exploring the sale of TikTok are untrue. ByteDance has no plans to sell TikTok,” Toutaio stated on Thursday.

TikTok had responded to Biden signing the bill with a statement on X:

This unconstitutional law is a TikTok ban, and we will challenge it in court. We believe the facts and the law are clearly on our side, and we will ultimately prevail. The fact is, we have invested billions of dollars to keep U.S. data safe and our platform free from outside influence and manipulation. This ban would devastate seven million businesses and silence 170 million Americans.

(Read more from “Chinese Company Appears to Ignore Threat of U.S. Ban, Says It ‘Has No Plans’ to Sell TikTok: Report” HERE)