Overview

• President Donald Trump signed an executive order supporting a proposed restructuring valued at about $14 billion and said Xi Jinping agreed to proceed with negotiations, with enforcement delayed until December 16, 2025.
• The plan would create a U.S.-controlled company backed by Oracle, Silver Lake Partners and Michael Dell, with U.S. investors holding roughly 80% and ByteDance under 20% with one non-security board representative.
• The new venture is expected to license TikTok’s recommendation technology from ByteDance, with Oracle auditing and monitoring the system and U.S. user data housed in an American-run cloud environment.
• House Select Committee on the Chinese Communist Party Chair John Moolenaar requested an urgent White House briefing, citing legal guardrails that prohibit cooperation with ByteDance on the algorithm and bar operational ties.
• China’s Foreign Ministry framed the issue as commercial negotiations and called for a fair business environment, and the deal will still require Chinese regulatory approval before it can take effect.