TikTok announced it is partnering with US music distribution company United Masters, days after the Trump administration ordered TikTok’s parent company, Byte Dance, to divest the video app’s US operations within 90 days.
TikTok-related stocks in the A-share market spiked in the afternoon session on Tuesday, with Shenzhen-listed Lecron Industrial Development Group rising to the 10% daily limit.
TikTok poises to explode much larger if this deal goes through, Trump won’t allow it.