Ms Zhou Chaonan, whose firm provides the computing power for ByteDance's AI, has a net worth of $10.5 billion. Read more at straitstimes.com.

Despite ByteDance's refusal to sell TikTok's US operations, lawmakers continue to debate the implications for both US users and the broader tech industry, with the app's future hanging in the balance as Trump's administration takes office.

WASHINGTON (AFP) – Donald Trump and Chinese President Xi Jinping spoke by phone on Friday, days before the incoming US president returns to the White House, with both leaders vowing to take a positive approach to improving ties between the rival countries.

The conversation, which marked the first interaction between the two leaders since Trump’s departure after his first term.

The incoming US president and his Chinese counterpart had not spoken since 2021 US President-elect Donald Trump has spoken to Chinese Pres

Both leaders were upbeat after the call, with Trump calling it “a very good one” and Mr Xi saying that trade relations can be mutually beneficial.

Xi hopes for a good start in relations with Trump, who expects to solve many problems together starting immediately.

Chinese President Xi Jinping and US president-elect Donald Trump say they have had a phone call which focused on topics including TikTok, trade and fentanyl.