Insiders: China is considering selling TikTok US to Musk to respond to the ban

ChainCatcher news, citing informed sources from Bloomberg, reports that Chinese officials are evaluating a possible plan to sell TikTok's U.S. operations to Elon Musk if the app cannot prevent the U.S. ban. Although TikTok's parent company ByteDance prefers to block the ban through appeals, indications from the U.S. Supreme Court suggest that the ban may be upheld.

The plan envisions Musk's X platform taking over TikTok's U.S. operations and integrating it with its existing platform. This move could not only leverage TikTok's 170 million U.S. users to increase advertising revenue but also provide rich data support for Musk's artificial intelligence company xAI. However, the deal would require approval from the Chinese government, especially concerning the transfer of TikTok's core algorithms.

Currently, TikTok's U.S. operations are valued between $40 billion and $50 billion, but it remains unclear whether Musk has sufficient resources to complete the transaction. ByteDance has stated that its primary goal remains to retain TikTok's operations in the U.S. through legal means.