TikTok's Chinese Parent Company Plans U.S. Investor-Led Restructuring to Avoid Ban

TikTok's Chinese parent company has announced that a group of non-Chinese investors will create a U.S. TikTok entity to avoid a federal ban. This restructuring aims to reduce the app's ties to China. The deal would allow TikTok to continue its operations in the United States by establishing a new American ownership structure separate from ByteDance, its Chinese parent company.