Historic Breakthrough: President Trump Announces Xi's 'Conceptual Approval' for TikTok Deal

In a dramatic turn for the embattled social media giant TikTok, President Donald Trump revealed on Friday that Chinese President Xi Jinping has granted "conceptual approval" for a pivotal deal aimed at restructuring the popular video-sharing app's U.S. operations. The announcement signals a significant step forward in a complex saga that has pitted national security concerns against the immense popularity of the ByteDance-owned platform.

President Trump's statement, delivered with characteristic enthusiasm, suggests a high-level agreement that could potentially defuse the months-long tension surrounding TikTok's future in the United States.

The proposed arrangement reportedly involves American companies Oracle and Walmart taking substantial stakes in a newly formed entity, TikTok Global, which would manage the app's U.S. data and operations, addressing Washington's data security concerns.

The agreement is designed to alleviate fears that the data of American users could be accessed by the Chinese government, a primary concern cited by the Trump administration when it threatened to ban TikTok entirely from U.S.

app stores. Under the terms being discussed, Oracle would become TikTok's trusted technology partner, responsible for hosting all U.S. user data and ensuring its security, while Walmart would contribute to commercial partnerships and content creation.

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