The fate of TikTok seems to be sealed for the moment. The Biden administration firmly announced the social media giant would have to look to the Trump administration for help after tomorrow’s ban likely will see the app go dark.

Backers of China's Xiaohongshu are looking to sell a part of their stake to the likes of Tencent , among others, in a deal that could value the TikTok-rival at at least $20 billion, Bloomberg News reported on Thursday.

A looming ban on TikTok set to take effect on Sunday presents a multibillion-dollar headache for app store operators Apple and Google.

This looming TikTok ban has over 170 million US TikTok users (who have named themselves "TikTok Refugees") scrambling for a replacement app. And that's what these users have seemingly found in Xiaohongshu or RedNote — a Chinese-owned social media app that has already risen to #1 on the US App Store.

TikTok arrived in the U.S. almost 6 1/2 years ago. The possibility the U.S. would outlaw the video-sharing app has kept influencers and users in anxious limbo for more than four of the years since

President-elect Donald Trump said he spoke on the phone with Chinese President Xi Jinping about TikTok, fentanyl, trade and more.

President-elect Trump is interested in heading back to China after he takes office again amid tensions with Beijing, according to a report.

Potential buyers for TikTok US include MrBeast, Kevin O'Leary, Frank McCourt's Project Liberty and Perplexity AI, who bid a merger instead of a sale,

After TikTok said it would be "forced to go dark" on Sunday unless the White House took action, President-elect Trump told ABC News he'd be likely to grant the social media company an extension.

If the US ban goes ahead, experts point to the previous ousting of Chinese and Russian tech companies on national security grounds as a potential blueprint for how the TikTok ban