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ByteDance has an April 5 deadline to find a non-Chinese buyer for TikTok or face a US ban on national security grounds.

The US highest office's unprecedented involvement in a private deal adds complexity to reaching an agreement.

The layoffs began the same day for teams in Asia and Europe, Middle East and Africa, two of the sources said.

Trump has expressed interest in the US government owning a stake in the app that is used by nearly half of all Americans.

TikTok, the second-most downloaded app in the US last year, says its latest app was now available for download.

If created, the sovereign wealth fund could place the US alongside numerous other countries, particularly in the Middle East and Asia.

Trump says there is a lot of interest in TikTok, as his administration seeks to broker a sale of the popular app.

Trump says, Microsoft is in talks to acquire TikTok and that he would like to see a bidding war over the app.

Under the proposal, ByteDance would sell TikTok US to the investors, which would give TikTok's existing investors equity in the company.

This move comes as the Chinese company faces pressure from Washington to sell its popular video-sharing app in the United States.

"Frankly, we have no choice. We have to save it," Trump said at a rally on Sunday ahead of his inauguration.

So how could Trump or Biden prevent TikTok from going dark?

This leaves the incoming Donald Trump administration to make the decision, according to a White House official.

The prospect of a TikTok ban has already triggered some users to seek alternatives.

At best, users might be able to access a web-based version of the service that has fewer features than the app and even that might not work.

Seoul will work closely with the US for a mutually beneficial solution, prioritising national interest, says Han Duck-soo.

Netflix reassures investors that it could withstand any economic downturn amid a tariff laden economic climate.

China warns any US misstep on Hong Kong will face firm, reciprocal countermeasures, says foreign ministry spokesperson.

The Antalya Diplomacy Forum presents rare opportunity for trilateral engagement among foreign ministers of three South Caucasian countries.

Policymakers to gauge damage from Trump's tariff barrage.

The Board appoints Vice Chairman Peter Brabeck-Letmathe as interim Chair and establishes a search committee to identify permanent successor.

Japan PM voices "grave concern" over inconsistency between the deal and President Donald Trump's latest automobile tariffs.

China compensated for the loss of LNG volumes by increasing purchases from its regional neighbours.

China is determined and capable of safeguarding its own rights and interests, the ministry said.

Customs uncovers US$20.81 million in country-of-origin violations, mainly involving foreign products from China.