Video app Triller sees China's new export rules as favorable to its $20 billion bid for TikTok
US video-sharing app Triller believes China's new export rules strengthen its $20 billion bid to acquire TikTok's US business from Chinese parent ByteDance.
The person also said that the CEO of TikTok's parent company ByteDance, Zhang Yiming, had held discussions with Triller executives, but this was denied by a ByteDance spokesperson. ByteDance's negotiations with prospective buyers including Microsoft and Oracle appear to have hit pause as a result. "Triller is the only bidder with a short-form video app already up and running," one source told Business Insider. "That means ByteDance can keep a hold of TikTok's algorithm, avoid China's new export rules, and Triller can just layer the brand over its own tech."
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