ByteDance reacts to Elon Musk’s alleged move to buy out US operations of TikTok

Chinese company, ByteDance has reacted to news making the rounds that billionaire businessman Elon Musk is allegedly making moves to buy out the US operations of TikTok.

Per a report by Bloomberg, Chinese government is mulling the idea of selling the social media platform which faces an impending ban in the US.

However, Chinese government officials prefer that the social media  platform, which US Federal officials have described as a “national-security threat of immense depth and scale” remains in the hands of its parent company ByteDance.