TikTok Reportedly Building New US Version Ahead of Potential Sale

New US Version of TikTok App

• 💡 A new version of the TikTok app is reportedly being developed specifically for users in the United States.
• 🎯 This development is reportedly in preparation for a planned sale of the app to a group of US investors.
• 🗓️ The new app is slated to launch in US app stores by September, according to a report citing unnamed sources.

Potential Sale and Divestment

• 🤝 The move comes as former President Donald Trump indicated he would begin discussions with China this week regarding a potential TikTok deal.
• ⏳ Trump had previously extended a deadline for China-based ByteDance to divest TikTok's US assets until September.
• ⚠️ Users will eventually need to download the new app to continue using the service, with the current app functional until March of next year.

Deal Stalled by China's Stance

• 📉 Earlier efforts to spin off TikTok's US operations into a US-based firm were put on hold.
• 🇨🇳 This halt occurred after China signaled it would not approve the deal, following Trump's announcements of steep tariffs on Chinese goods.
• 💬 TikTok and ByteDance have not immediately responded to requests for comment, and the report could not be immediately confirmed by Reuters.