TikTok dismisses name for Chinese homeowners to promote their stakes or face U.S. ban

TikTok late Wednesday dismissed a report that the Biden administration has informed its Chinese homeowners to promote their stakes within the fashionable video-sharing app or face a ban within the U.S.

Earlier Wednesday, the Wall Street Journal reported that the Biden administration and the Committee on Foreign Investment within the U.S. have just lately demanded the divesture by Beijing-based ByteDance Inc. on national-security grounds.

“If…