<ul data-eligibleForWebStory="false">TikTok is reportedly developing a separate app for the US market to comply with US legislation requiring a business sale or potential ban.The new US app is expected to launch on September 5, with users needing to switch to it to continue using the service.The existing TikTok app will be removed from US app stores upon the new app's release and will stop working by next March.US President Trump stated that a group of undisclosed wealthy individuals will buy TikTok's US operations, pending Chinese government approval.