SHANGHAI -- TikTok operator ByteDance has pledged to abide by new Chinese regulations on technology exports, even as the restrictions threaten to delay the sale of the video-sharing app in the U.S.
ByteDance is negotiating to sell TikTok's operations covering the U.S., Canada, New Zealand and Australia. The suitors include Oracle and a joint effort by Microsoft and Walmart. The Chinese parent faces a deadline from Washington to divest TikTok's American operations.