US lawmaker says licensing deal for TikTok algorithm would raise 'serious concerns'

Core Points - The chair of the House Select Committee on China announced a licensing agreement for the use of the TikTok algorithm as part of a deal involving ByteDance selling U.S. assets of the short video platform [1] Group 1 - The licensing agreement is a significant step in the ongoing discussions regarding TikTok's operations in the U.S. [1] - The deal aims to address national security concerns related to data privacy and the influence of foreign entities on American social media [1] - ByteDance's decision to sell U.S. assets is part of a broader strategy to comply with regulatory pressures and maintain its market presence [1]