NIX Solutions: China Open to TikTok Deal with Trump

China has expressed a willingness to cooperate with President-elect Donald Trump to keep TikTok operational in the U.S. A Chinese Foreign Ministry spokesman stated on Monday that companies can make their own decisions about operations and acquisitions. This follows earlier comments from China indicating opposition to any forced sale of TikTok, as reported by The Wall Street Journal.

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This marks the ministry’s first response since Trump suggested at a rally, held the day before his inauguration, that TikTok should consider a joint venture. The proposal would involve current owners or new ones, ensuring 50% equity remains under U.S. ownership. “Frankly, we have no choice. We have to save it,” Trump emphasized during his speech.

TikTok Resumes Operations in the U.S.

After a temporary shutdown prompted by the ban, TikTok has resumed operations in the U.S. The platform expressed gratitude to Trump for guaranteeing that the service and its business partners will not face substantial fines to continue their activities, reminds NIX Solutions.

TikTok CEO Shou Zi Chew attended Trump’s inauguration as well as a service at St. John’s Episcopal Church in Washington, D.C. The event included notable figures like Meta CEO Mark Zuckerberg, Amazon founder Jeff Bezos, and Google CEO Sundar Pichai.

Rumors Surround Elon Musk’s Potential Role

Speculation has arisen regarding Elon Musk as a potential buyer of TikTok’s U.S. operations. Reports suggest that TikTok founder Zhang Yiming shares a history with the Tesla CEO. According to Kevin Zhou, founder of Pandaily, Musk hosted Yiming at Tesla’s California offices in 2014, prior to TikTok’s launch. While Musk reportedly forgot about the meeting, Yiming was profoundly influenced. Zhang compared Musk to Apple founder Steve Jobs, noting Musk’s decisiveness and visionary depth.

We’ll keep you updated as more integrations and negotiations unfold.