TikTok Global will be its subsidiary under deal with Trump, says ByteDance

TikTok Global will be its subsidiary under deal with Trump, says ByteDance

Photo: REUTERS

China’s ByteDance said on Monday that TikTok’s global business will become its subsidiary, even as Oracle Corp and Walmart Inc said over the weekend that they and U.S. investors would own the majority of the video app following a deal with U.S. President Donald Trump’s administration.