The clock was ticking, but TikTok's US assets are now set to be sold.

Live from the UK, this is the Marketplace Morning Report from the BBC World Service.

I'm Gideon Long. Good morning.

The Chinese owners of TikTok have signed a deal to sell the company's US assets to a joint venture,

led by American investors. The move should

enable TikTok to avoid a US government ban over its Chinese ownership, which has raised

national security concerns. Let's hear more from the BBC's Asia business correspondent,

Surinjana Tuari, who's outside the firm's headquarters in Singapore. Hi, Surinjana.

Hi there.

So this is a joint venture with US investors and investors from elsewhere.

Who are they?

That's right.

This is something that we've been hearing about for quite some time now.

And finally, we have confirmation from TikTok that TikTok will sell part of its business

to a mixture of firms.

And they include Oracle, Silver Lake and Abu Dhabi-based MGX.

Now, Bight Dance is a Chinese company.

It's headquartered here in Singapore where I am.

I'm right outside its headquarters.

It's also headquartered in Los Angeles.

But this almost closes an issue over the

app's US operations for quite some time now, now that we have this deal. And it feels like the

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