Amid ongoing debates about the US plans to ban TikTok, ByteDance’s non-Chinese investors are at the forefront of the search for a solution to take over the app’s operations in the US. An innovative plan has been put on the table to address the security concerns expressed by the US government for a long time and ensure TikTok can continue its activities in the country. The proposal suggested by the White House involves ByteDance’s major non-Chinese investors acquiring TikTok’s operations in the US and restructuring it as an independent company. This means that the ownership percentage of Chinese investors would be kept below 20%. Additionally, Oracle is said to continue safeguarding US user data, thereby enhancing the security of user information.

WHY IS IT BEING CONSIDERED FOR BAN?
This move stands out as one of the most serious attempts to resolve various regulatory challenges faced by TikTok in the US since 2020. The US government has voiced concerns that the app could pose a threat to national security and raised allegations that the Chinese government could access user data.

THEY DON’T WANT TO LOSE THE US MARKET
Comprising investors such as Susquehanna International Group, General Atlantic, KKR, this new plan aims to both alleviate security concerns of the US administration and ensure TikTok continues to serve millions of American users. The details of the plan are not yet fully clear; however, this initiative could be a critical turning point in TikTok’s ability to maintain its presence in the US market.

SUPPORT AND REACTION OF USERS
Experts underline that the success of this plan depends not only on regulatory approvals but also on public support. While the social media platform remains popular, especially among young users, concerns about TikTok’s future persist among users.