China is calling a TikTok deal a win. What's in it for them?

China and the US are on the verge of finalizing a TikTok deal that could see the app's US operations sold to a group of American firms, including Oracle and investment firms. The deal hinges on the use of TikTok's algorithm, with a potential licensing agreement allowing ByteDance to retain control over its "secret sauce." However, the deal faces challenges, including US lawmakers' concerns over national security and the need for approval from ByteDance's board. Despite uncertainties, the deal could grant China leverage and economic benefits while allowing TikTok to continue operating in the lucrative US market.