China and U.S. Reach a Framework Agreement on TikTok, with U.S. Companies Holding an 80% Stake
On September 15, the U.S. government and China’s ByteDance reached a framework agreement regarding TikTok’s U.S. operations, successfully averting the TikTok ban that was set to take effect on September 17. The agreement secures TikTok’s continued presence in the U.S. and marks an important compromise in the ongoing technological tensions between China and the United States. Details of the deal—covering data security, equity structure, and future oversight—have drawn wide attention.
