Trump signs executive order on TikTok:US investors to majorly own chinese-based video sharing app’s American business as per deal with China

The US President Donald Trump, on Friday, September 26, 2025, signed off on a deal that would shift ownership and control of TikTok towards American companies and investors. This move came after discussions with Chinese President Xi Jinping. Key Concerns Addressed Trump assured that the new American-led TikTok would address security and safety concerns. He highlighted the involvement of figures like Larry Ellison, the Chief Technology Officer of Oracle, emphasizing Oracle’s role in ensuring the platform’s security. Xi Jinping’s Approval Trump mentioned that President Xi Jinping had approved the TikTok deal, paving the way for the video-sharing platform to continue operating in the US. He noted that the US would have “tight control” over the app, calling it a “very good deal” for Washington. ByteDance’s Statement Following the conversation between Trump and Xi Jinping, ByteDance, TikTok’s parent company, stated that it would proceed with the necessary steps to allow TikTok to continue functioning in the US, in accordance with Chinese law. Background Legislation The US had previously passed legislation in April 2024, which aimed to ban TikTok from January 19, 2025, unless it divested from its Chinese ownership. However, the Trump government did not enforce it. American Control The proposed agreement suggests that American investors would control 80% of TikTok, while Chinese firms, including ByteDance, would retain the remaining 20%. This deal reflects the US’s desire to have greater control over TikTok’s operations within the country. ​