An agreement between Washington and Beijing on the future of TikTok will include Americans holding six of seven board seats for the short video app’s US operations and China’s ByteDance naming the seventh board member, a senior White House official said on Saturday.
The official said the agreement will also require that all data on American users will be stored on US cloud computing infrastructure run by US software firm Oracle.
US President Donald Trump is trying to close a final deal to keep the popular platform from closing. Congress had ordered the app shut down for US users by January 2025 if its US assets were not sold by Chinese owner ByteDance.
On Friday, Trump said he and Chinese President Xi Jinping made progress on a TikTok agreement in a phone call and would meet face-to-face in six weeks. It has not been clear in Beijing’s statements how advanced the progress has been.