<h1>US, China negotiate deal for foreign-owned social app: parent to divest control and transfer data to trusted partner</h1> US and Chinese leaders held high-level talks aimed at finalising a deal permitting a popular foreign-owned social media app to continue US operations by requiring its China-based parent to divest controlling interests and transfer user data and content-security functions to a trusted partner. The discussions build on a framework agreement addressing authorisation for use of intellectual property (including the app's algorithm) and compliance with a US law mandating domestic control of sensitive data and systems for national-security reasons. Talks were linked to broader trade disputes involving tariffs, export controls and unresolved agricultural and tech-export issues.