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TikTok Parent ByteDance Won’t Sell Underlying Algorithm, China Paper Says

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thewrap.com
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South China Morning Post reports that the ByteDance board of directors wants to keep the site’s source code under its ownership, though a potential new owner for the site would be able to devise a new source code and sharing algorithm.

As a source described it to the SCMP, “The car can be sold, but not the engine.”“The company [ByteDance] will not hand out source code to any US buyer, but the technology team of TikTok in the US can develop a new algorithm,” the source told the South China Morning Post.Also Read: China Opposes Any Forced TikTok Sale, Prefers App to Shut Down in US (Report)This new condition to a deal with a U.S.

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variety.com
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hollywoodreporter.com
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nme.com
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theplaylist.net
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thewrap.com
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etonline.com
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etonline.com
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