TikTok mulls splitting from ByteDance if proposal with US fails

China's TikTok is considering separating from parent ByteDance to help address US concerns about national security risks, Bloomberg News reported on Tuesday, citing people familiar with the matter. A divestiture, which could result in a sale or initial public offering, is considered a last resort and will be pursued only if the company's existing proposal with U.S. national security officials does not get approved, Bloomberg reported.

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