JD Vance Trump Tiktok China Bedtinance

Vice President JD Vance He said on Sunday that he is optimistic about the future of Tijook in the United States

“I feel very confident that we have successfully separated this company from Tiktok Global and we actually work so that we can control the security of people’s data,” he said.Fox News Sunday“We can ensure that the algorithm is not used as a propaganda tool by a foreign government. “

The famous social media platform has long faced concerns about data collection practices and the relationship of the parent company with the Chinese government.

After months of uncertainty after the former president Joe Biden Signature a National Security Law Effectively banned TIKTOK from American application stores Donald Trump Fell Executive On Thursday, approval of a proposal would allow Tacto to continue working in the country.

“The way we created this deal from the national security perspective is that American investors and American businessmen are He said The TIKTOK business is estimated at $ 14 billion.

Under the conditions of Trump’s executive order, a new joint skill company will supervise the American Tiktok business, while maintaining a follow -up of less than 20 %. Among the company’s investors will be the technology giant OracleSilver Lake for Special Classification and MGX Investment Fund in Abu Dhabi.

Investors, including General Atlantic, Suskoyana, and Sequoia, are expected to contribute to the new Tiktok US. According to the deal, the federal government will not take a share of shares-or the so-called Golden session – In American Tijook operations.

“At the end of the day, I think 80 % of the company will be owned by American investors and their partners,” Vans said. “This is not something where the Chinese or any Chinese entity have a large share of the table.”

On the day the executive order, Trump said the Chinese president Xi Jinping He gave the deal to move forward, while Vans said that the Chinese government had some resistance to the deal.

To date, Bytedance has not recognized Trump’s executive request, and has not confirmed that the transaction is already taking place. There was no indication that the Chinese government had made any changes to the laws that were necessary to make a deal.