ByteDance says it won’t sell U.S. TikTok

China’s ByteDance said it won’t sell its U.S. TikTok, a day after President Biden signed legislation that could force the company to sell the popular video-sharing platform or stop operating in the U.S.

ByteDance said late Thursday on Toutiao, a media platform it owns, that reports that it is exploring the sale “are untrue.” The company was responding to a report by the Information that it is considering selling a majority stake in TikTok’s U.S. business without the algorithm it uses to recommend videos to users.