ByteDance is reportedly delaying the TikTok sale process while waiting for approval from Beijing, according to sources familiar with the matter. The Chinese government appears reluctant to approve the sale without securing broader trade concessions from the Trump administration.

The Chinese Communist Party (CCP) is considering allowing TikTok's U.S. operations to cease rather than approving a rushed sale, as they seek a comprehensive agreement that includes concessions on trade and technology policies. This stance comes amid escalating trade tensions between the U.S. and China.

Key developments in the situation:

• ByteDance has a 75-day deadline to find an American buyer
• China has implemented export restrictions on minerals and launched an antitrust investigation of Google
• China has filed a WTO complaint about U.S. tariffs
• Multiple American groups have expressed interest in acquiring TikTok
• Trump promised to "save TikTok" by suspending enforcement of the ban

Sources indicate that Chinese officials are hesitant to grant Trump a political victory without securing substantial trade benefits, including reduced tariffs and allowances on semiconductor chips. As one source stated, "It's not like [the CCP] would never do it, but they need a lot in return. They are willing to pull the plug."

While several American parties are preparing acquisition offers for the popular social media platform, no clear frontrunner has emerged. The situation remains fluid as both nations continue their broader trade negotiations.

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