Chinese authorities said they will not allow the forced sale of TikTok. Former US Treasury Secretary Steven Mnuchin announced he had begun to assemble a consortium of investors to purchase the TikTok social network from the Chinese company ByteDance.
On March 13, the US House of Representatives passed a bill requiring China to sell TikTok under the threat of blocking the social network in the United States. The Wall Street Journal writes about this. According to the newspaper, ByteD Dance received signals that the Chinese authorities consider banning TikTok to be the most preferable option.