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We have no plans to sell TikTok app: China's Bytedance
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China's Bytedance says it has no plans to sell the TikTok app. CNBC's Julia Boorstin reports on "Closing Bell."
The Chinese social media firm has no plans to sell part or all of its app, the short video platform’s head said on Tuesday, denying a media report which said the company was currently weighing options to do so due to U.S. concerns.
A ByteDance spokeswoman declined to comment on the internal note but reiterated that there had “been no discussions about any partial or full sale of TikTok”. “These rumors are completely meritless,” she added.
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The Chinese social media firm has no plans to sell part or all of its app, the short video platform’s head said on Tuesday, denying a media report which said the company was currently weighing options to do so due to U.S. concerns.
A ByteDance spokeswoman declined to comment on the internal note but reiterated that there had “been no discussions about any partial or full sale of TikTok”. “These rumors are completely meritless,” she added.
Turn to CNBC TV for the latest stock market news and analysis. From market futures to live price updates CNBC is the leader in business news worldwide.
Connect with CNBC News Online
#CNBC
#CNBC TV
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