South China Morning Post reported that ByteDance has reportedly informed the US authorities and potential bidders of the decision
Trump has given ByteDance a deadline of mid September to finalise a deal
Microsoft Corp and Oracle Corp are among the suitors for TikTok's US assets. Operations in Canada, New Zealand and Australia are also part of the deal
ByteDance, TikTok's Chinese owner, may need more time to negotiate with suitors after new regulations from Beijing complicated the deal
ByteDance has also stepped up the purchase of servers in global trade and transport hub Singapore to back up US data as a contingency
TikTok owner ByteDance plans to invest billions of dollars and recruit hundreds of employees in Singapore after opting to base its Southeast Asia regional headquarters there
ByteDance has been looking to pick a buyer so it can finalize a deal by mid-September and comply with Trump's order to divest TikTok's assets
TikTok, which has been downloaded 175 million times in the US and more than a billion times around the world, has filed a lawsuit challenging the crackdown by the US government
Despite facing several challenges, short video-sharing platform TikTok emerged the most downloaded non-gaming app worldwide for August with over 63.3 million installs, a 1.6% increase from August 2019
While the actions are intensifying in the middle of an election campaign, the question of what US data can be accessed by Chinese companies -- if any -- cuts across partisan lines
The bonus could run into hundreds of millions of yuan, based on ByteDance's hiring advertisements and company sources
As the US sale of TikTok gets entangled in legal issues, nearly nine in 10 TikTok users said its Facebook-owned rival app called Instagram Reels is basically giving them a similar experience
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The ban follows on the heels of an earlier ban that blocked 59 apps, including TikTok
China entered the fray on August 28, by revising a tech export control list that experts said would give them regulatory oversight over any TikTok deal
As WeChat has become ubiquitous, it has become a powerful tool of social control, a way for Chinese authorities to guide and police what people say, whom they talk to and what they read
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TikTok is considering selling its operations in several countries after local governments shut out the app, citing fears that sensitive user data was passing into the hands of China
Those algorithms decide what videos users see without first requiring them to follow other users or specify their preferences
Some speculations surrounding the sale of TikTok's US operations may soon come to an end as the short video-sharing platform owned by Chinese unicorn ByteDance has reportedly reached a deal.