The fate of TikTok seems to be sealed for the moment. The Biden administration firmly announced the social media giant would have to look to the Trump administration for help after tomorrow’s ban likely will see the app go dark.

Backers of China's Xiaohongshu are looking to sell a part of their stake to the likes of Tencent , among others, in a deal that could value the TikTok-rival at at least $20 billion, Bloomberg News reported on Thursday.

A looming ban on TikTok set to take effect on Sunday presents a multibillion-dollar headache for app store operators Apple and Google.

This looming TikTok ban has over 170 million US TikTok users (who have named themselves "TikTok Refugees") scrambling for a replacement app. And that's what these users have seemingly found in Xiaohongshu or RedNote — a Chinese-owned social media app that has already risen to #1 on the US App Store.

Officials at TikTok said they could not be expected to comment on pure fiction when asked about rumors China was looking into having Elon Musk acquire the social media platform.

President-elect Donald Trump spoke on the possibility of delaying a ban less than 24 hours from when the social media app is expected to shut down.

President-elect Donald Trump informed advisors that he hopes to visit China in the first 100 days after he takes office, The Wall Street Journal reported on Saturday citing people familiar with the matter.

Potential buyers for TikTok US include MrBeast, Kevin O'Leary, Frank McCourt's Project Liberty and Perplexity AI, who bid a merger instead of a sale,

WASHINGTON -- US President-elect Donald Trump said Saturday that he will "most likely" give TikTok a 90-day extension on Inauguration Day, which is Monday. In an interview with NBC News, Trump said he hadn't made a final decision on TikTok but was considering a 90-day extension of the Sunday deadline.

U.S. President-elect Donald Trump and Chinese President Xi Jinping discussed issues including TikTok, trade and Taiwan in a phone call on Friday, just days before Trump takes office again promising tariffs that could ratchet up tensions between the world's two biggest economies.