I'm very surprised by this. I'd figured ByteDance had a final trick up their sleeve, some unscrupulous billionaire like Bobby Kotick who they could technically "divest" to while maintaining functional independence. Either they're incredibly confident in their legal team, or they're betting on popular protest to overturn the government's decision in the next year. Unfortunately for them, there's a global crisis currently ongoing that is a liiiittle bit more important to protest, and they might have to wait awhile.