US President Donald Trump announced an acquisition of social media platform Tiktok - a platform that is owned by Chinese software company ByteDance.

The President said that the deal was a closed case, however Asia business correspondent Peter Lewis told Ryan Bridge that there is more to be done. 

He said that although Washington has approved their side of the deal, Beijing and ByteDance are more guarded on their position. 

'No representatives from ByteDance were present at the signing. In fact, ByteDance hasn't even acknowledged that a transaction is taking place.'

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