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TikTok Is Joe Biden's Problem Now

The Chinese-owned app managed to wait out Trump’s presidency without selling control to U.S. investors. 

TikTok Branding As Oracle Is Said to Win Deal For US Operations
Photographer: Brent Lewin/Bloomberg

Hi all, it’s Zheping in Hong Kong. The billionaire founder of ByteDance Ltd.—owner of social media phenomenon TikTok—gathered employees last month for his first virtual town hall at the company in half a year. Addressing ByteDance's more than 100,000 foot soldiers worldwide, Zhang Yiming delivered a reassuring message after months of TikTok serving as a political football between the U.S. and China.

“Keep calm and be tenacious,” he said, according to attendees at the meeting, who asked not to be identified discussing a private event. He also said he thought TikTok's geopolitical struggles would eventually be resolved.