Technology giant Microsoft is in advance talks to acquire TikTok's US operations, according to a media report on Friday, even as President Donald Trump said his administration is considering to ban the Chinese video app.

"We're looking at TikTok. We may be banning TikTok," President Trump told reporters at the White House. India has banned as many as 106 Chinese apps, including TikTok, a move welcomed by both the administration and the lawmakers.