China says it hopes firms seek lawful, balanced solutions over TikTok deal

The Chinese ‍government would like to see companies reach ⁠solutions that comply with Chinese laws and regulations and balance the interests ‌of ‌all parties, a commerce ministry spokesperson said ‌on Thursday when asked about the hand-over of TikTok’s U.S. operations. TikTok’s Chinese owner, ByteDance, last week signed binding agreements to hand control of the ‌short video ‍app’s U.S. operations to ‍a group of investors, including Oracle, ‌in a big step toward avoiding a U.S. ban and ending years of uncertainty.

“It is hoped that…