New York Beijing | China's ByteDance said on Monday that TikTok's global business would become its subsidiary, even as Oracle and Walmart said over the weekend that they and US investors would own the majority of the video app following a deal with US President Donald Trump's administration.

Mr Trump signed an executive order on August 14 giving ByteDance 90 days to sell TikTok, amid concerns that the personal data of as many as 100 million Americans that use the app could be passed on to China's Communist Party government.

Reuters