China says US TikTok deal a 'win-win', will review app's technology and IP transfers

China on Wednesday called the framework deal reached in Madrid to switch short-video app TikTok to US-controlled ownership a "win-win" and said it would review TikTok's technology exports and intellectual property licensing, in a state media editorial. Investors on both sides of the Pacific are now waiting for a call scheduled for Friday between US President Donald Trump and Chinese President Xi Jinping in which the agreement should be confirmed. Progress over the popular social media app - which counts 170 million US users - is seen as key to facilitating further talks in the coming months as the world's two largest economies chart a path beyond their current tariff truce. Reuters has reported that the deal, transferring TikTok's US...