I heard someone saying that even if the creators of Tik Tok wanted to sell, they couldn't because its against Chinese law to sell anything created in China to another country.
According to ChatGPT as well
"Chinese regulations could impede the sale of TikTok to a U.S. entity. In 2020, China updated its export control rules to include technologies related to data processing and artificial intelligence, which are integral to TikTok's operations. This means that any sale involving these technologies would require approval from the Chinese government.
These regulations were reportedly introduced to give China a say in the potential sale of TikTok's U.S. operations, ensuring that any transfer of technology aligns with national interests. Therefore, even if a U.S. law mandates the sale of TikTok, Chinese laws could delay or block the transaction if the necessary approvals are not obtained."