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flag China urges U.S. to honor commitments as TikTok finalizes U.S. joint venture to avoid ban.

flag China's Ministry of Commerce said Thursday it hopes for a TikTok resolution that follows Chinese laws and balances all parties' interests, urging the U.S. to honor prior commitments, ensure a fair business environment, and cooperate based on mutual respect. flag The statement followed reports that TikTok’s parent company, ByteDance, has signed binding agreements with three U.S. investors to form a joint venture, aiming to secure the app’s U.S. operations and avoid a potential ban.

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