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China's ByteDance says TikTok will be its subsidiary under deal with Trump

China's ByteDance says TikTok will be its subsidiary under deal with Trump

4 years ago
Anonymous $rxtAWepgzY

https://www.reuters.com/article/us-usa-china-tiktok-bytedance/chinas-bytedance-says-tiktok-will-be-its-subsidiary-under-deal-with-trump-idUSKCN26C021

China's ByteDance said on Monday that TikTok's global business will become its subsidiary, even as Oracle Corp and Walmart Inc said over the weekend that they and U.S. investors would own the majority of the video app following a deal with U.S. President Donald Trump's administration.