Great article, would you like -To The Moon - Tiger Brokers Online Investing Community - To The Moon

Like
Comment
Favorite

FattyBull
10-31

Great article, would you like to share it?

US Treasury's Bessent Says China Has Approved TikTok Transfer Deal

China has approved the transfer agreement for the short video app TikTok, U.S. Treasury Secretary Scott Bessent said on Thursday, adding that he expects it to move forward in coming weeks and months...

US Treasury's Bessent Says China Has Approved TikTok Transfer Deal

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Like

Report

Comment

Top
Latest

empty

No comments yet

Most Discussed

{"i18n":{"language":"en_US"},"data":{"magic":2,"id":494988260204776,"tweetId":"494988260204776","gmtCreate":1761877547340,"gmtModify":1761877549493,"author":{"id":4115527649974162,"idStr":"4115527649974162","authorId":4115527649974162,"authorIdStr":"4115527649974162","name":"FattyBull","avatar":"https://community-static.tradeup.com/news/373415101d06ff7417c1853d1330e794","vip":1,"userType":1,"introduction":"","boolIsFan":false,"boolIsHead":false,"crmLevel":12,"crmLevelSwitch":0,"currentWearingBadge":{"badgeId":"44212b71d0be4ec88898348dbe882e03-2","templateUuid":"44212b71d0be4ec88898348dbe882e03","name":"Executive Tiger","description":"The transaction amount of the securities account reaches $300,000","bigImgUrl":"https://static.tigerbbs.com/9d20b23f1b6335407f882bc5c2ad12c0","smallImgUrl":"https://static.tigerbbs.com/ada3b4533518ace8404a3f6dd192bd29","grayImgUrl":"https://static.tigerbbs.com/177f283ba21d1c077054dac07f88f3bd","redirectLinkEnabled":0,"hasAllocated":1,"isWearing":1,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2025.04.08","exceedPercentage":"80.82%","individualDisplayEnabled":0},"individualDisplayBadges":[],"fanSize":109,"starInvestorFlag":true,"fullDisclosureFlag":false,"starInvestorFollowerNum":51,"starInvestorOrderShareNum":65,"userFollowInvestorFlag":false,"orderNotificationFlag":false,"ror":309.56,"showRor":true,"winRationPercentage":77.142857,"tradeVolumeEst":0},"themes":[],"images":[],"coverImages":[],"title":"","html":"<html><head></head><body><p>Great article, would you like to share it?</p></body></html>","htmlText":"<html><head></head><body><p>Great article, would you like to share it?</p></body></html>","text":"Great article, would you like to share it?","highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"link":"https://ttm.financial/post/494988260204776","repostId":2579270147,"repostType":4,"repost":{"id":"2579270147","kind":"highlight","weMediaInfo":{"introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"Reuters","id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"pubTimestamp":1761877223,"share":"https://ttm.financial/m/news/2579270147?lang=en_US&edition=fundamental","pubTime":"2025-10-31 10:20","market":"us","language":"en","title":"US Treasury's Bessent Says China Has Approved TikTok Transfer Deal","url":"https://stock-news.laohu8.com/highlight/detail?id=2579270147","media":"Reuters","summary":"China has approved the transfer agreement for the short video app TikTok, U.S. Treasury Secretary Scott Bessent said on Thursday, adding that he expects it to move forward in coming weeks and months...","content":"<html><head></head><body><p>China has approved the transfer agreement for the short video app TikTok, U.S. Treasury Secretary Scott Bessent said on Thursday, adding that he expects it to move forward in coming weeks and months but giving no other details.</p><p>&#34;In Kuala Lumpur, we finalized the TikTok agreement in terms of getting Chinese approval, and I would expect that would go forward in the coming weeks and months, and we&#39;ll finally see a resolution to that,&#34; he told Fox Business Network&#39;s &#34;Mornings with Maria&#34; following President Donald Trump&#39;s meeting with Chinese leader Xi Jinping.</p><p>China&#39;s Commerce Ministry said in a statement earlier on Thursday that the country would properly handle TikTok-related issues with the United States. A Chinese spokesperson added, &#34;the Chinese side will work with the U.S. side to properly address issues related to TikTok.&#34;</p><p>TikTok, which is owned by China-based ByteDance, did not immediately comment.</p><p>The fate of the app used by 170 million Americans has remained uncertain for more than 18 months after the U.S. Congress passed a law in 2024 that ordered TikTok&#39;s Chinese owners to sell the app&#39;s U.S. assets by January 2025.</p><p>Trump signed an executive order on September 25 declaring that the plan to sell TikTok&#39;s U.S. operations to a consortium of U.S. and global investors meets the national security requirements set out in the 2024 law and gave them 120 days to complete the transaction. He also delayed enforcement of the law until January 20, 2026.</p><p>Trump&#39;s order said the algorithm will be retrained and monitored by the U.S. company&#39;s security partners, and that operation of the algorithm will be under the control of the new joint venture.</p><p>The agreement on TikTok&#39;s U.S. operations includes the appointment by ByteDance of one of seven board members for the new entity, with Americans holding the other six seats.</p><p>ByteDance would hold less than 20% in TikTok U.S. to comply with requirements set out in the law that ordered it to be shut down by January 2025 if ByteDance did not sell its U.S. assets.</p><p>U.S. Representative John Moolenaar, the Republican chair of the House Select Committee on China, said this month that a licensing agreement for use of the TikTok algorithm, as part of the deal by ByteDance to sell U.S. assets of the short video app, would raise &#34;serious concerns.&#34;</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>US Treasury's Bessent Says China Has Approved TikTok Transfer Deal</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nUS Treasury's Bessent Says China Has Approved TikTok Transfer Deal\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1032215980\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2025-10-31 10:20</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>China has approved the transfer agreement for the short video app TikTok, U.S. Treasury Secretary Scott Bessent said on Thursday, adding that he expects it to move forward in coming weeks and months but giving no other details.</p><p>&#34;In Kuala Lumpur, we finalized the TikTok agreement in terms of getting Chinese approval, and I would expect that would go forward in the coming weeks and months, and we&#39;ll finally see a resolution to that,&#34; he told Fox Business Network&#39;s &#34;Mornings with Maria&#34; following President Donald Trump&#39;s meeting with Chinese leader Xi Jinping.</p><p>China&#39;s Commerce Ministry said in a statement earlier on Thursday that the country would properly handle TikTok-related issues with the United States. A Chinese spokesperson added, &#34;the Chinese side will work with the U.S. side to properly address issues related to TikTok.&#34;</p><p>TikTok, which is owned by China-based ByteDance, did not immediately comment.</p><p>The fate of the app used by 170 million Americans has remained uncertain for more than 18 months after the U.S. Congress passed a law in 2024 that ordered TikTok&#39;s Chinese owners to sell the app&#39;s U.S. assets by January 2025.</p><p>Trump signed an executive order on September 25 declaring that the plan to sell TikTok&#39;s U.S. operations to a consortium of U.S. and global investors meets the national security requirements set out in the 2024 law and gave them 120 days to complete the transaction. He also delayed enforcement of the law until January 20, 2026.</p><p>Trump&#39;s order said the algorithm will be retrained and monitored by the U.S. company&#39;s security partners, and that operation of the algorithm will be under the control of the new joint venture.</p><p>The agreement on TikTok&#39;s U.S. operations includes the appointment by ByteDance of one of seven board members for the new entity, with Americans holding the other six seats.</p><p>ByteDance would hold less than 20% in TikTok U.S. to comply with requirements set out in the law that ordered it to be shut down by January 2025 if ByteDance did not sell its U.S. assets.</p><p>U.S. Representative John Moolenaar, the Republican chair of the House Select Committee on China, said this month that a licensing agreement for use of the TikTok algorithm, as part of the deal by ByteDance to sell U.S. assets of the short video app, would raise &#34;serious concerns.&#34;</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"META":"Meta Platforms, Inc."},"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20251030:nL1N3WB0Y3:1","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2579270147","content_text":"China has approved the transfer agreement for the short video app TikTok, U.S. Treasury Secretary Scott Bessent said on Thursday, adding that he expects it to move forward in coming weeks and months but giving no other details.\"In Kuala Lumpur, we finalized the TikTok agreement in terms of getting Chinese approval, and I would expect that would go forward in the coming weeks and months, and we'll finally see a resolution to that,\" he told Fox Business Network's \"Mornings with Maria\" following President Donald Trump's meeting with Chinese leader Xi Jinping.China's Commerce Ministry said in a statement earlier on Thursday that the country would properly handle TikTok-related issues with the United States. A Chinese spokesperson added, \"the Chinese side will work with the U.S. side to properly address issues related to TikTok.\"TikTok, which is owned by China-based ByteDance, did not immediately comment.The fate of the app used by 170 million Americans has remained uncertain for more than 18 months after the U.S. Congress passed a law in 2024 that ordered TikTok's Chinese owners to sell the app's U.S. assets by January 2025.Trump signed an executive order on September 25 declaring that the plan to sell TikTok's U.S. operations to a consortium of U.S. and global investors meets the national security requirements set out in the 2024 law and gave them 120 days to complete the transaction. He also delayed enforcement of the law until January 20, 2026.Trump's order said the algorithm will be retrained and monitored by the U.S. company's security partners, and that operation of the algorithm will be under the control of the new joint venture.The agreement on TikTok's U.S. operations includes the appointment by ByteDance of one of seven board members for the new entity, with Americans holding the other six seats.ByteDance would hold less than 20% in TikTok U.S. to comply with requirements set out in the law that ordered it to be shut down by January 2025 if ByteDance did not sell its U.S. assets.U.S. Representative John Moolenaar, the Republican chair of the House Select Committee on China, said this month that a licensing agreement for use of the TikTok algorithm, as part of the deal by ByteDance to sell U.S. assets of the short video app, would raise \"serious concerns.\"","news_type":1,"symbols_score_info":{"META":2}},"isVote":1,"tweetType":1,"viewCount":526,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":35,"optionInvolvedFlag":false,"xxTargetLangEnum":"ORIG"},"commentList":[],"hasMoreComment":false,"orderType":2}