Walmart says teaming with Microsoft in bid for TikTok

US retail giant Walmart said Thursday it had teamed with Microsoft in a bid to buy short-form video app TikTok.

The app has been at the center of a diplomatic storm between the US and China and President Donald Trump signed an executive order on August 6 giving Americans 45 days to stop doing business with its Chinese parent company ByteDance. 

The move effectively set a deadline for a sale of TikTok to a US company.

"We are confident that a Walmart and Microsoft partnership would meet both the expectations of US TikTok users while satisfying the concerns of US government regulators," the retailer told AFP.