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International Business Times

Business

TikTok Sale Moves Forward as China Greenlights Transfer Agreement

TikTok China United States ByteDance Scott Bessent Donald Trump

Illustration of TIK TOK, October 16, 2025. TikTok is a mobile application for sharing short creative videos and images, as well as a social network based on a recommendation algorithm favoring virality.

The future of TikTok in the United States took a major step forward Thursday after China approved a transfer agreement for the popular short-video app.

US Treasury Secretary Scott Bessent confirmed the move, saying he expects the sale to progress over the coming weeks and months.

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We Got This Covered

Caller told 911 her nephew was ‘not violent’. Hours later police found two decapitated bodies in his home

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One subscription that gives you access to news from hundreds of sites

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