ByteDance Secures $29.6 Billion Loan to Boost AI Investment 
Fast Retailing Shares Drop as Uniqlo Japan August Sales Fall 
South Korea Unveils Record $597 Billion 2027 Budget to Boost AI and Chips 
Texas Republicans Turn Against AI Data Centers as Election Backlash Grows 
BP Names Ian Tyler Permanent Chairman After Governance Shake-Up 
Nvidia Pauses AI Cloud Financing Deals Amid Antitrust Concerns 
Apple’s Phil Schiller Steps Back as Leadership Shake-Up Accelerates 
Bessent Urges Japan on Fiscal Discipline, BOJ Rate Hikes 
MongoDB Stock Sinks 14% as Atlas Growth Misses Expectations 
Berkshire Hathaway Eyes Bigger Stakes in Japan’s Top Trading Houses 
European Stocks Edge Higher as Bond Yields Ease 
Google Changes EU Spam Policy Amid Antitrust Scrutiny 
OpenAI Rejects Apple Trade Secret Theft Claims 
Australia Trade Surplus Beats Forecasts in July as Exports Fall 
U.S. Disrupts China-Linked Hacking Campaign Targeting Government Agencies 
BofA Names ASML Top Semiconductor Equipment Pick on Growth, Valuation 
PayPal Shares Sink as $50 Billion Takeover Bid Collapses 
Add as a preferred source on Google
TikTok CEO Shou Zi Chew has reportedly consulted Elon Musk for insights on navigating potential U.S. tech policy shifts under the Trump administration, according to the Wall Street Journal. ByteDance executives remain cautiously optimistic about securing TikTok's future in the United States.
TikTok CEO Seeks Elon Musk's Advice Amid U.S. Challenges
According to a report published by the Wall Street Journal on Saturday, which cited individuals familiar with the situation, Shou Zi Chew, the Chief Executive Officer of TikTok, which is owned by ByteDance, has reportedly sought Elon Musk's advice on matters pertaining to the United States. Musk is a close adviser to President-elect Donald Trump.
In recent weeks, Chew has been the one to initiate messages with the CEO of Tesla, asking for his thoughts on a variety of topics, including the incoming government and prospective policies regarding technology, according to the article.
Reuters' requests for comments were not immediately met by a response from Elon Musk, TikTok, ByteDance, or the administration of Donald Trump.
ByteDance Leadership Remains Optimistic Amid Uncertainty
Chew has kept ByteDance's senior leadership informed of the conversations, and executives are cautiously optimistic about finding a way forward. The Journal said that both executives have not discussed concrete methods to keep TikTok operational in the United States. Chew kept ByteDance's senior leadership informed of the talks.
In addition, the article stated that executives from ByteDance had been actively hedging their bets prior to the election in the United States by meeting with individuals who were close to both Trump and Kamala Harris, the Democratic contender for president.
Trump's Stance Could Influence TikTok's Future in the U.S.
Trump, who attempted to get TikTok banned in 2020 but was unsuccessful, has stated that he would not let TikTok to be banned if he were to be elected president in November.
