U.S. President Donald Trump signed an executive order on Thursday declaring that his plan to sell TikTok's U.S. operations to U.S. and global investors will meet the requirements in a 2024 law that says the short video app will be banned unless its Chinese owners sell it.

The new U.S. company will be valued at around $14 billion US, Vice-President JD Vance said.

Trump has delayed enforcement of the law until Dec. 16 amid efforts to extract TikTok's U.S. assets from the global platform, line up American and other investors and win approval from the Chinese government.

"There was some resistance on the Chinese side, but the fundamental thing that we wanted to accomplish is that we wanted to keep TikTok operating, but we also wanted to make sure that we protected Americans' data privacy as

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