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Ant Group set the price at 68.8 yuan (.27) per share for the Shanghai tranche of its dual share-floating plan, the company said in a filing to the Shanghai Stock Exchange on Monday.

Another distributor, Well Go USA Entertainment, has released 14 Chinese-language films in 2019, doubling its North American box office from 2018's .01 million to .84 million as of Saturday. The company released only nine Chinese-language films last year.

Any deal for the TikTok assets must be reviewed by the Committee on Foreign Investment in the US, a group chaired by the Treasury secretary that studies mergers for national-security reasons. The president can approve or deny a transaction recommended by the panel, though Trump has already voiced support for Oracle as a "great company" that could handle the acquisition.

Announcing Pompeo's visit, Foreign Ministry spokeswoman Hua Chunying said in a statement on Wednesday that China and the US will exchange views on bilateral ties as well as regional and international issues of common concern.

Another factor was a rebound in the producer price index, which fell 3 percent year-on-year in June, compared with a 3.7 percent decline in May, the analysts said.