President Donald Trump said over the weekend there are lots of potential buyers and said he'd like to keep the app alive. The administration has set an April 5 deadline for the app to be banned if it is not sold by it's Chinese-owned parent company, ByteDance.

The White House really wants to get a deal to sell Chinese short-video app TikTok to a US company and remove all possibilities of the Mainland using it as a way to spy on Americans. Except, apparently, one Big Tech firm that Team Trump isn’t so keen on: Online retail giant Amazon, On The Money has learned

TikTok, owned by the Chinese company ByteDance, has been at the center of controversy in the U.S. for four years now due to concerns about user data As TikTok's future remains uncertain, a number of prominent moguls and companies are competing for the opportunity to purchase the app.

TikTok temporarily went dark for its 170 million American users but was reinstalled “as a result of President Trump’s efforts,” according to the app. Now it’s facing another possible ban.

According to a report from The Information, Trump plans to announce his master plan for keeping TikTok alive in the US through a new entity called “TikTok America.” The idea is to split the company between US investors (50%), existing ByteDance investors (roughly one-third), and ByteDance itself maintaining a 19.9% stake.

TikTok creator ByteDance has an AI image generation model called InfiniteYou that lets you create fake photos of yourself.

Although Zhang has handed over corporate roles to Liang Rubo, he is widely seen as the real decision maker at the tech giant.

President Donald Trump plans to announce later on Wednesday his plan for a new company called TikTok America, part of his effortsto broker a deal to keep TikTok alive in the U.S., according to a person close to the discussions.