No plan to divest stake in TikTok

New Delhi: China-based internet giant ByteDance on Friday said it will not sell its stake in TikTok as directed by the US government in a new bill passed by President Joe Biden earlier this week to ban the short-video making platform in the country. The Chinese platform’s parent company said in a social media post that it “doesn’t have any plans to sell TikTok”. The Information earlier reported that ByteDance was exploring the potential sale of TikTok’s operation in the US.