
Steven Mnuchin, the former US treasury secretary under Donald Trump, said on Thursday he was preparing a buyout bid of TikTok, as Beijing blasted a bill moving through Congress that would force the sale of the Chinese-owned video-sharing app.
TikTok has soared in popularity worldwide, but its ownership by Chinese technology giant ByteDance – and alleged subservience to Beijing’s ruling Communist Party – has fuelled national security concerns in Western capitals.