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TikTok reaches new US deal; China’s answer to Nvidia’s A100: SCMP daily highlights

From China’s discovery of Asia’s largest undersea gold deposit to TikTok’s deal on a new US venture, here’s a round-up from today’s coverage

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TikTok has reached a deal to sell its US operations to a consortium of American investors. Photo: dpa
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Catch up on some of SCMP’s biggest China stories of the day. If you would like to see more of our reporting, please consider subscribing.

1. TikTok reaches deal on new US venture with American investor group

In a landmark move that ends years of legal and political uncertainty, TikTok CEO Chew Shou Zi informed employees that the company has signed a binding agreement to divest its US entity into a joint venture controlled by a consortium of American investors.

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