ByteDance has no sale plans for TikTok, media report untrue, says head

Bloomberg reported that the company was considering a TikTok stake sale. — Reuters

Chinese social media firm ByteDance has no plans to sell part or all of its TikTok app, the short video platform's head said on Tuesday, denying a media report which said the company was currently weighing options to do so due to US concerns.

Bloomberg reported that the company was considering a TikTok stake sale.