Amid tense trade ties between Washington and Beijing, China’s ByteDance has said that TikTok’s global business will become its subsidiary.

TikTok chief executive Kevin Mayer mentioned resignation in a letter only after 3 months under the press of Trump's administration

Microsoft and Twitter are reported as potential buyers for Tiktok, whichs is known as a possible way to avoid Trump's ban. However, experts cast doubt on success of these deal as ByteDance has no plans to accept.