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U.S. President Donald Trump signed an executive order approving a proposed deal for a U.S. version of TikTok, saying the app would be managed by "highly sophisticated" investors including Oracle's Larry Ellison, Michael Dell and Rupert Murdoch. The agreement would reduce Chinese ownership to 20 percent.
China's Foreign Ministry spokesman Guo Jiakun responded that Beijing respects the will of enterprises and supports business talks under market rules, but urged the U.S. to provide an "open, fair and non-discriminatory" environment for Chinese companies investing in the country.