TikTok parent company ByteDance has no plans to sell its popular entertainment app despite threats from the US Congress. ByteDance founder and main shareholder Zhang Yiming firmly rejects a sale, the business Caixin magazine reported, citing insiders. TikTok is not currently looking for potential buyers because there will be no sale, a person close to the company’s top management told Caixin. And even if there were, a deal could not be concluded within the deadline.