President Biden raises concern on TikTok in call with China’s Xi Jinping

News Snapshot:

U.S. President Joe Biden and his Chinese counterpart Xi Jinping discussed TikTok and its ownership, among other things, on a call between the two world leaders, Reuters reported citing the White House. Biden raised U.S. concerns about the app's ownership, the report added. Chinese company ByteDance (BDNCE) — the owner of TikTok — is facing a crisis in the world's largest economy as the U.S. House of Representatives passed a bill in March directing the company to either sell the U.S. operations of the app or face a ban in the country. Senators are yet to decide on how to...