
The Chinese foreign ministry said Monday that companies can make their own decisions on operations and acquisitions, a reversal of the government's previous position that it would block any forced sale of TikTok.
It was the ministry's first comment after Trump said Sunday, a day before his inauguration, that he wanted U.S. and Chinese interests to split control of the app 50-50.
TikTok's founder, Zhang Yiming, has one connection that could help smooth the way for dealmaking: Elon Musk.
This story is from the January 21, 2025 edition of The Wall Street Journal.
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This story is from the January 21, 2025 edition of The Wall Street Journal.
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