JD Vance Trump TikTok China ByteDance

Vice President JD Vance said that he was optimistic about the future of Tiktok in the USA on Sunday.

“I’m very sure that we successfully separated this company from Tiktok Global, and I actually did it so that we can control people’s data safety,” he said.FOX News Sunday“” We can ensure that the algorithm is not used by a foreign government as a propaganda tool. “

The popular social media platform has long been concerned about data collection practices and the relationship between the Chinese government of Bayanism with the Chinese government.

After the former President Joe Biden signed a national security law that effectively prohibits Tiktok from the US application stores, President Donald Trump signed an executive order that approves a proposal that would allow Tiktok to continue in the country on Thursday.

Saying that the agreement value Tiktok’s work at a value of $ 14 billion, Vance said, “The way to establish this agreement from a national security perspective, Tiktok value $ 14 billion worth of work, said Vance,” Tiktok, American investors and American businessmen who will create determination about what is actually happening. “He said.

In accordance with Trump’s executive order, a new joint venture company Tiktok will supervise the US business and maintain a share of less than 20%. Among the investors of the company, Technology Giant Oracle, Silver Lake, a private capital company, and Abu Dhabi -based MGX Investment Fund.

General Atlantic, Susquehanna and Sequoia, such as Bayantian investors are expected to equality in the presence of a new Tiktok USA. According to the agreement, the Federal Government Tiktok’s US operations in the US operations would not receive the so-called gold share.

“I believe at the end of the day, 80% of the company will be American investors and partners.” He said. “This is not something that Chinese or any Chinese organization has a huge share of the table.”

The day Trump signed the executive order, Trump said Chinese President Xi Jinping continued to agree, and Vance was a resistance to the agreement.

So far, Bayta has not accepted Trump’s executive order and has not confirmed that the process was actually realized. There was no symptom that the Chinese government made any amendments to the laws required for an agreement.