European stocks traded higher on Monday amid news of a U.S.-China agreement over social media platform TikTok.

TikTok has more than 200 million monthly users in Europe, or roughly one in three citizens on the continent, the short video app platform said on Friday, the latest sign of its rapid growth among teenagers.

TikTok has announced that its user base in Europe is steadily growing - with 5 million more active users vs. this time last year. "More than 200 million people across Europe now come to TikTok every month,

TikTok has officially launched the next stage of its European data separation project, with construction now underway on a new data center in Kouvola, Finland. As you can see in this image, this week,

President Donald Trump said on Tuesday that the U.S. and China have a deal that would keep TikTok operating in the United States, in an agreement that marks a breakthrough in months-long talks between the world's two biggest economies.

Europe's second-highest court has upheld challenges by Meta Platforms and TikTok against a supervisory fee imposed by the European Union.

And the latest data point from that effort shows that, in Germany the world’s fourth-largest recorded music market, one in three tracks that hit the top position on the charts went viral first on TikTok in 2024.