ByteDance Chief Reconsiders TikTok Options After New China Rules
- Zhang Yiming’s instincts may be to stonewall till elections
- The entrepreneur may prove unwilling to part with his creation
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As Donald Trump threatened to ban the U.S. operations of the hit app TikTok, Chinese parent ByteDance Ltd.’s choices seemed to be limited to selling the business for $20 billion to $30 billion or leaving empty-handed.