You should save your speculation for after something concrete happens rather than rumors. Look at how many rumors have been flying recently. Also, the narrative of back room deal or betrayal is dumb speculation as well because TikTok didn’t need to shutdown on the 19th as we can see from Biden admin response that they will leave implementation to Trump and calling TikTok’s antics performative. As people said on that day, it just kind of makes the Supreme Court obsolete and it still looks that way. If Beijing was planning on taking a deal they might as well have done something with Elon or just the US operations, no reason to just take a worse deal unless you really believe that Trump is the master of the deal or they obtained more leverage.If China has as much leverage as the US then we should not see a "global operations sales" of Tik Tok, it would make no strategic sense as the soft power gain from Tik Tok far out strips any financial compensation the US can provide in return.
The only compensation of similar value to a Tik Tok sale is turning over Taiwan and TSMC on a platter - that could be worth it to control the global hardware supply chain, in exchange for the US controlling the global software supply chain. Anything less is a steal.
Anyways all the speculation comes from the following quotation from Mao Ning which I think people are applying way too much tea leave reading type analysis on. Like this response is specifically to a 50% jv which changes literally nothing about TikTok or bytedance. It makes sense for them to be okay with this because it changes nothing compared to what was originally being forced on them. Following Eventines current logic, do really think Chinas hand is worse than half a decade ago?
Reuters: TikTok has restored service in the US citing Trump’s efforts, but Trump has said that he wants to cut a deal that will see the US have 50 percent ownership in a joint venture. Is China open to a deal with Trump and how might such a deal look like?
Mao Ning: TikTok has operated in the US for years and been very popular with American users. It has played a positive role in boosting US employment and consumption. We hope the US will earnestly listen to the voice of reason and provide an open, fair, just and non-discriminatory business environment for market entities from all countries. When it comes to actions such as the operation and acquisition of businesses, we believe they should be independently decided by companies in accordance with market principles. If it involves Chinese companies, China’s laws and regulations should be observed.
Also here’s something from an infamous poster (for those who know) about this which is far more level-headed and reasonable.