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China softens stance on TikTok deal in US as Trump offers 75-day grace period, sources say

SCMP LogoSCMP11h ago

China softens stance on TikTok deal in US as Trump offers 75-day grace period, sources say - SCMP

Quick Summary:

Beijing could be more open to ByteDance selling some shares to American investors to improve US relations, sources and analysts say.

Foreign ministry spokeswoman Mao Ning said at a press briefing this week that corporate operations and acquisitions “should be decided by businesses upon market principles”.“If Chinese companies are involved, the deals should comply with Chinese laws and regulations,” she said at a separate briefing.

I’m not sure, but I’m sure they’ll approve it,” he said.


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Article Details

Author / Journalist: Coco Feng

Category: Business

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-01-21 @ 21:30:07 (11 hours ago)

News Timezone: GMT +8:00

News Source URL: scmp.com

Language: English

Article Length: 276 words

Reading Time: 2 minutes read

Sentences: 9 lines

Sentence Length: 31 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © SCMP

News ID: 25322683

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Main Topics: Business

Official Website: scmp.com

Update Frequency: 14 posts per day

Year Established: 1903

Headquarters: Hong Kong

News Last Updated: 1 hours ago

Coverage Areas: Hong Kong

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Publication Timezone: GMT +8:00

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News Language: English

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Publisher ID: #42

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