ByteDance, the Chinese owner of TikTok, has earmarked over 150 billion yuan ($20.64 billion) in capital expenditure for this year, much of which will be centred on artificial intelligence, two people briefed on the matter said.

Donald Trump signed an executive order delaying the US ban on ByteDance's TikTok for 75 days, starting January 19.

During his first interview as the US President during his second term, Trump defended TikTok and said phones, computers made in China were a far bigger threat

Newsweek is tracking the flurry of executive actions President-elect Trump is expected to sign on Monday. Follow along here.

Donald Trump told a pre-inaugural, MAGA-heavy rally that “TikTok is back,” as he has pledged to sign an executive order that will give the social media platform more time amid a new U.S. law requiring a divestiture from its Chinese parent ByteDance.

US President Donald Trump on Tuesday said he would be supportive of the world's richest man and his close aide, Elon Musk, buying TikTok "if he wanted to". Trump was asked if he would be open to the billionaire founder of Tesla buying the short-video platform facing a nationwide ban in the US after the Supreme Court last week upheld a law requiring TikTok to sever ties with its Chinese parent ByteDance.

TikTok was banned in the US due to national security concerns over its Chinese ownership, prompting federal action requiring ByteDance to divest. As suitors are being lined up, the ByteDance-backed app will remain unavailable in Google and Apple app stores in the US.

Donaldson posted a jokey message on X on January 13 that read, "Okay fine, I'll buy Tik Tok so it doesn't get banned." A day later,

A whirlwind of activity that has led to several national headlines occurred in the nation’s capital in the days since President Donald Trump’s inauguration.