ByteDance has said it has no plan to sell Tiktok.
The Chinese parent company of TikTok stated this in a recent message.
“Foreign media reports that ByteDance is exploring the sale of TikTok are untrue,” the company wrote in a statement on Toutiao, a news aggregation app that it owns.
“ByteDance doesn’t have any plan to sell TikTok.”
The statement was in response to an article by The Information on Thursday saying “ByteDance is exploring scenarios for selling TikTok’s US business without the algorithm that recommends videos to TikTok users”.
The development followed after the US passed a law to force ByteDance to sell the hugely popular video app or be banned in America.
The sell-or-ban measure was signed into law by US President Joe Biden on Wednesday.
The bill, passed by the senate on Tuesday, follows concerns among US lawmakers that China could access Americans’ data or use the app for surveillance.
