Washington, Sept. 19 -- US President Donald Trump on Friday (local time) announced that Chinese President Xi Jinping approved the TikTok deal for the video-sharing platform to continue operating in the US.

Speaking with the reporters at the Oval Office, President Trump said, "I had a good call with President Xi. He approved the TikTok deal. We look forward to getting the deal closed. We have to get it signed; it could be a formality. The TikTok deal is on its way, and the investors are getting ready."

Trump mentioned that the US will have "tight control" over the app, emphasising that this is a "very good deal" for Washington.

"We are going to have very tight control. It is an amazing thing that has been created... I am a little prejud...