Luke Vargas

TikTok officially isn't going anywhere.

The company has formally inked a joint venture, allowing it to keep operating in the U.S., ending a years-long fight over whether to ban the video-sharing app on national security grounds.

And joining me to break down this deal, shifting operations of TikTok to American investors, and to recap the rollercoaster ride that got us here, is the journal's Stu Wu.

Stu, walk us through the details of this deal.

Who's getting what exactly?

And this, Stu, is important given some of the concerns that had existed around the sort of black box of how TikTok works.

All right.

Let's see if security hawks, members of Congress feel that that 20 percent bite dance stake is something they can live with going forward.

I noted that President Trump thanked Chinese leader Xi Jinping for making this deal happen.

We report this whole arrangement had been approved by both the U.S.

and Chinese governments.

Situate this within the broader U.S.-China relationship, if you could.

And Stu, in terms of what persuaded Beijing to do this, ByteDance had initially been really adamant it was not going to sell U.S.

TikTok, and Beijing for a while had backed that up.

In America, where the app has a big fan in President Trump, just yesterday he was touting his popularity on TikTok.

That was the journal's Stu Wu joining me this morning from Singapore.

Stu, thank you so much.

Thanks, Luke.

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