Overview
- Beijing said it would "properly" address TikTok-related issues with the United States in a statement following talks in Busan.
- The ministry cited two-day negotiations in Kuala Lumpur that confirmed outcomes from earlier Madrid consultations and noted U.S. commitments on investment.
- President Trump previously approved a framework for U.S. investors to take majority control, with ByteDance under 20% and a new board to enforce American data protections.
- The White House has delayed a U.S. shutdown of TikTok until December 16, and the identities of the prospective American investors have not been disclosed.
- RIA Novosti reported that former U.S. defense official Chas Freeman linked the deal’s attention to debates over content control, while U.S. Vice President J.D. Vance cited an estimated $14 billion valuation.