CNA938 Rewind - TikTok lives: US, China in deal for app to keep operating in US

The US and China have struck a framework deal over TikTok’s American operations, aiming to shift majority ownership to a US-led consortium including Oracle and Silver Lake. ByteDance will retain a minority stake, while the key sticking point – the app’s algorithm – will remain licensed from China rather than transferred outright. Andrea Heng and Hairianto Diman look at the hurdles that lie ahead with Pushan Dutt, Professor of Economics and Political Science at INSEAD.