USA – President-elect Donald Trump is expected to grant TikTok more time to strike a deal after he returns to power on Monday as China has signaled it would be open to a deal to keep TikTok in the U.S. market. The short video service used by 170 million Americans was briefly taken offline for U.S. users on Saturday, hours before a law that said it must be sold by its Chinese owner ByteDance on national security grounds took effect on Sunday. U.S. officials had said that under ByteDance, there was a risk of Americans’ data being misused.

TikTok restored access on Sunday and thanked Trump for providing assurances to TikTok and its business partners that they would not face hefty fines to keep the app running. The app and website were operational on Monday, but TikTok was still not available for download in the Apple (AAPL.O), opens new tab and Google (GOOGL.O), opens new tab app stores, suggesting the two companies were waiting for clearer legal assurances. “Frankly, we have no choice. We have to save it”,  Trump said at a rally on Sunday ahead of his inauguration, adding that the U.S. will seek a joint venture to restore the app used by half of Americans. (Reuters)