President Biden raises concern on TikTok in call with China’s Xi Jinping

U.S. President Joe Biden and his Chinese counterpart Xi Jinping discussed TikTok and its ownership, among other things, on a call between the two world leaders, Reuters reported citing the White House. Biden raised U.S. concerns about the app’s ownership, the report added. Chinese company ByteDance (BDNCE) — the owner of TikTok — is facing a crisis in the world’s largest economy as the U.S. House of Representatives passed a bill in March directing the company to either sell the U.S. operations of the app or face a ban in the country. Senators are yet to decide on how to…