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@liztai maybe you know something I don't. As far as I understood it would be a forced sale. And if not, it's shut down, so then assets (servers, office equipment, etc) sold off in pieces. I didn't hear anything about seizing assets.

Maybe the confusion is because tiktok is unprofitable? Tiktok has never made a profit and always operated in the red. so it's all business liabilities and the creditors would seize assets to get something for their money?

I don't know.