TikTok opposes the U.S. Department of Commerce's decision and says it will continue to advance proceedings against Trump's executive order, the company said in a statement obtained by CGTN.

"We oppose the decision and feel deeply disappointed. Hundreds of millions of American users have formed a community that loves TikTok as it is a tool for entertainment, self-expression and connection," the statement said.

(File photo: VCG)

The U.S. government's previous executive order was issued without due process, said the company, adding that "it may deprive the American people and small businesses of an important platform for their voice and living."

"TikTok will continue to insist on litigation and safeguard the legitimate rights and interests of its users, creators, partners and the company," said the statement.

The U.S. Department of Commerce on Friday issued an order banning U.S. transactions with Chinese video-sharing app TikTok and messaging app WeChat starting September 20.

From that date, any provision of service to distribute or maintain the WeChat or TikTok mobile applications, constituent code, or application updates through an online mobile application store in the U.S. will be prohibited, the order said.

Also, any service through WeChat "for the purpose of transferring funds or processing payments within the U.S." will be banned on Sunday. 

The announcement also laid out a timeline, especially for TikTok, that takes effect on November 12, including provisions that block U.S. companies from providing internet hosting and services for the app.  

The statement came ahead of an expected statement Friday by Trump on whether the White House will approve a deal between TikTok owner ByteDance and Oracle under which the U.S. software firm will take a minority stake in the app and become a "trusted technology partner" in the U.S.

ByteDance told CGTN on Thursday that the agreement will require approval from both the Chinese and U.S. authorities.

The Chinese company said it was discussing cooperation plans with some companies to resolve concerns of the U.S. government and the public regarding data security. Business and technology sales are not involved in the plans and there is no final deal so far, ByteDance added.

Trump has cited national security concerns in trying to ban TikTok unless its American operations are sold locally. Treasury Secretary Steven Mnuchin said the final deadline for the deal is Sunday.

Previously, TikTok confirmed that it had submitted a proposal to the U.S. administration that "would resolve the administration's security concerns," making Oracle its technology partner in the country but keeping majority ownership of the app.

Since the TikTok controversy started in early July, Chinese officials have repeatedly stressed Beijing's position that ByteDance should not be coerced by the U.S.

Wang Wenbin, spokesperson for China's Ministry of Foreign Affairs, on Thursday urged the United States to respect the principles of market economy and fair competition.

TikTok is one of the most popular social media platforms where users can watch short-form video clips and create something that could go viral. It reported nearly 700 million monthly active users in July and more than 2 billion global downloads. 

WeChat, owned by the Chinese company Tencent, is an all-in-one mobile app that combines services similar to Facebook, WhatsApp, Instagram as well as Venmo and is essential to the daily lives of many in China, boasting more than 1 billion users.

According to analytics firms Apptopia, in early August, WeChat is popular among Chinese students, ex-pats and some Americans who have personal or business relationships in China, with an average of 19 million daily active users in the United States.

ByteDance did not immediately respond to a request for comment from CGTN.