After almost seven years, three US presidencies and a near-total ban, ByteDance Ltd. has secured a definitive victory in its standoff with Washington.

TikTok has finalized a deal to sell parts of its US business. Oracle, Silver Lake, MGX, and Michael Dell are part of the consortium of new investors.

By Kane Wu HONG KONG, Jan 7 (Reuters) - Venture capital firm HSG, formerly Sequoia Capital China, is raising a continuation fund that will take over some of its ByteDance shares at a valuation of between $350 billion and $370 billion,

TikTok picked an insider to lead its newly created US business, choosing an executive with deep ties to the entertainment world and history reporting up to ByteDance Ltd.’s leadership.

The Trump-backed deal to “save” TikTok fails to address core national security concerns, according to some experts – and even top lawmakers seem to be in the dark about whether it complies with Congress’s law that stated the app would be banned if it remained in Chinese hands.

ByteDance, the China-based parent company of TikTok, has finalized a long-anticipated agreement to restructure the app’s U.S. operations through a new joint venture that will be majority owned by American and global investors.

Trump has claimed the deal meets requirements for “qualified divestiture” to avoid a TikTok ban otherwise required under the Protecting Americans from Foreign Adversary Controlled Applications Act. However, questions remain, as lawmakers have not yet analyzed the terms of the deal to determine whether that’s true.

Frost & Sullivan's report found that Baidu and Huawei topped the "GPU cloud market" in China, but only considered those controlling the full chip-to-cloud value chain, thus isolating ByteDance's Volcano Engine.

Des[ite pressure from the Donald Trump administration, Chinese apps continued to dominate download list in the United States last year. Here's how ByteDance's TikTok and CapCut, and fashion retailers Temu and Shein fared.