The yearslong saga over the future of TikTok’s American operations has finally reached a conclusion. The social media platform said on Jan. 23 that its US arm has been bought by a consortium led by Oracle Corp., formalizing the deal outlined by the Trump administration in September.

The yearslong saga over the future of TikTok’s American operations could finally be nearing a conclusion. The social media platform says its US arm is being bought by a consortium led by Oracle Corp., aligning with the deal outlined by the Trump administration in September.

Chinese ride-hailing giant Didi Global Inc. reported a 67% quarterly profit rise, a positive sign ahead of a potential Hong Kong listing.