China is calling a TikTok deal a win. What’s in it for them?
SEPT 19 - A much-awaited deal over TikTok may be close, with US President Donald Trump and his Chinese counterpart Xi Jinping set to discuss terms on Kenya breaking news | Kenya news today |..
✨ Key Highlights
A potential deal over TikTok's US operations is nearing, with US President Donald Trump and Chinese President Xi Jinping set to discuss terms. This agreement could see TikTok's US business sold to a consortium of American firms, representing a potential "rare breakthrough" in US-China trade negotiations.
- The core of the dispute is TikTok's proprietary algorithm, which China's ByteDance is reportedly willing to license, but not outright transfer, to a US company.
- The deal could involve American firms including Oracle, Andreessen Horowitz, and Silver Lake.
- US Treasury Secretary Scott Bessent, leading the US negotiating team, stated the user experience would remain the same, albeit with "Chinese characteristics."
- While the deal is seen as a "win-win" by Chinese state media, there are concerns among US lawmakers regarding potential continued Chinese government influence and control.
- ByteDance's global revenue in 2024 is estimated at $39 billion, with TikTok contributing $30 billion.
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Nations Engage in Bilateral and Multilateral Trade Discussions - September 2025
Canada and Mexico have agreed to deepen their trade and security ties following a meeting in Mexico City between Canadian Prime Minister Mark Carney and Mexican President Claudia Sheinbaum. This move is seen as a response to rising economic pressure from the United States. In Africa, the upcoming 24th Common Market for Eastern and Southern Africa (COMESA) Summit in Nairobi will focus on digitization and cross-border trade. Meanwhile, a potential deal regarding TikTok's US operations is nearing, with US President Donald Trump and Chinese President Xi Jinping set to discuss terms. This agreement, which could be a "rare breakthrough" in US-China trade negotiations, may involve selling TikTok's US business to a consortium of American firms.
