Tech Voices: China, Bessent on TikTok deal; OpenAI's IPO

[TikTok and Facebook application on screen Apple iPhone XR]

_Seeking Alpha's roundup of statements, announcements, and remarks that could impact the technology sector._

* China plans to work with the U.S. to resolve issues related to TikTok's U.S. operations, which are currently owned by China's ByteDance (BDNCE [https://seekingalpha.com/symbol/BDNCE]).

"Both sides further affirmed the outcomes of the Madrid trade consultations, with the U.S. side making positive commitments in areas such as investment, and China agreeing to work with the U.S. to properly resolve issues related to TikTok," China's Commerce Ministry said in a statement [https://www.mofcom.gov.cn/xwfb/xwfyrth/art/2025/art_c42035acf50846ffb9fb4761ee224faf.html].

The announcement comes in the wake of trade talks between U.S. and Chinese representatives in Kuala Lumpur earlier this week.

* Meanwhile, Treasury Secretary Scott Bessent said the Chinese government has okayed the transfer of TikTok's U.S. operations, but didn't disclose any details.

"In Kuala Lumpur, we finalized the TikTok agreement in terms of getting Chinese approval, and I would expect that would go forward in the coming weeks and months, and we'll finally see a resolution to that," Bessent said, according to Reuters [https://www.reuters.com/world/china/china-us-trade-deal-could-be-signed-next-week-us-treasurys-bessent-says-2025-10-30/].

* OpenAI (OPENAI [https://seekingalpha.com/symbol/OPENAI]) is readying an IPO that could value the AI developer as high as $1 trillion.

The company is considering aiming to raise at least $60 billion through the deal. OpenAI could file for the IPO as soon as the second half of 2026, according to Reuters [https://www.reuters.com/world/china/china-us-trade-deal-could-be-signed-next-week-us-treasurys-bessent-says-2025-10-30/], who cited people close to the deal.

OpenAI counts Microsoft (MSFT [https://seekingalpha.com/symbol/MSFT]) as a major investor.

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