Douyin, the Chinese equivalent of TikTok, is very different and "much more pro-social," NYU professor Jonathan Haidt told Business Insider in Davos.

The billionaire declined to share details on his sources of financing, but said private equity firms and family offices have reached out.

Pausing the enforcement of the TikTok ban was one of a slew of executive orders Trump signed on Monday.

The CEO of investment firm General Atlantic, a board member of TikTok's parent company, said on Thursday that he was optimistic that a deal to keep the short-video app operating in the United States would be agreed.

The World Economic Forum, colloquially called "Davos" after the location at which it's hosted in the Swiss mountains, is a yearly meeting of elites.

TikTok in the US has attracted interests from top corporates including General Atlantic CEO. Interesting names such as MrBeast has emerged.

United States President Donald Trump is seemingly using TikTok, a popular social media platform owned by Chinese tech company ByteDance, as a bargaining chip for Sino-US economic and trade relations, experts and market insiders said on Tuesday.

President Donald Trump this week paused a ban on the app and said he has "the right to make a deal" to try to save it. Legal experts questioned whether he can override a federal law that bans it. And the app's China-based parent company appeared open to brokering an agreement.

U.S. businessman Frank McCourt is open to teaming up with other buyers on a bid to take over the U.S. operations of TikTok as long as he can maintain control of the asset, he told Reuters at the Davos event on Thursday.

Billionaire Frank McCourt remains open to partnering with other buyers in acquiring TikTok's U.S. operations, but insists on maintaining control. McCourt's Project Liberty submitted a bid without including TikTok's algorithm,

Report TRUMP FIRST 100 DAYS © AP PhotoTrump takes ‘America First’ to the world stage PRESIDENT TRUMP TOOK HIS “AMERICA FIRST” DOCTRINE to the world