China says US TikTok deal a ‘win-win’, will review app’s technology and IP transfers
China on Wednesday called the framework deal reached in Madrid to switch short-video app TikTok to US-controlled ownership a “win-win” and said it would review TikTok’s technology exports and intellectual property licensing, in a state media editorial.
Investors on both sides of the Pacific are now waiting for a call scheduled for Friday between US President Donald Trump and Chinese President Xi Jinping in which the agreement should be confirmed.
