Yes, but TikTok’s ownership has changed.
> U.S. officials said in September that China had struck a “framework for a TikTok deal.” However, in the following weeks, China has not confirmed that such a deal was agreed to.
> Many experts believe China’s strategy is to keep talking while making few concrete agreements.
I don't think it has moved to the new structure yet, or the "all the servers in the US with Oracle control of the algo". Maybe they're just getting ready in advance.
Alternately, a motivated subgroup can often coerce platforms. A lot of platforms will engage such moderation simply because enough people brigaded to flag/report something.