ByteDance has no plan to sell TikTok, the company's official account said in a statement posted on Toutiao, a media platform owned by the China-based firm.
The Information earlier reported that ByteDance is exploring scenarios for selling TikTok's US business without the algorithm that recommends videos to TikTok users.
US President Joe Biden on Wednesday signed into law a bill that bans TikTok in the country if its owner, ByteDance, fails to divest the popular short video app over the next nine months to a year.
UAE–South Korea CEPA comes into force on May 1
Meraas awards AED 2.4 billion in construction contracts for 'The Acres'
Bangladesh set to sign Boeing jet deal, shifting from Airbus
UAE Circular Economy Council focuses on food security, sustainable growth
