What Is TikTok Fate to Survive in the US: On March 29, according to international media reports, private equity company Blackstone is reviewing acquiring a stake in TikTok US business unit. Blackstone is discussing with ByteDance existing non-Chinese shareholders to separate the TikTok US business unit into a new entity and reduce the Chinese side stake below 20%. TikTok is the only Chinese-developed global SNS platform that threatened the market share of existing US platforms. Trump who returned to power after the 2024 election initially signaled openness to allowing TikTok to continue operating if a divestiture deal was reached -- but the technical complexity of separating TikTok from ByteDance infrastructure while maintaining the algorithm quality that makes TikTok engaging is the central challenge; the Blackstone deal structure would create a US-incorporated entity with American leadership and board control while ByteDance retains a minority stake and potentially a technology licensing arrangement; the fundamental unresolved question is whether a TikTok with reduced ByteDance algorithm involvement would maintain the engagement quality that has made it the most-used short video platform among US users under 30.