TikTok Sale: China Said to Rather See US Operations Close Than a Forced Sale

Must read

How to disable and delete Samsung Pay from your Galaxy phone

When it comes to paying conveniently, Samsung Pay makes using your phone as a bank card an easy process; however, there may come...

How to Find Your Spotify Wrapped 2020

2020 has been a year for the books, but that hasn’t stopped anyone from streaming and listening to countless hours of music on...

Mi Robot Vacuum Mop-P Shipments in India Delayed, Xiaomi Now Promises to Ship by December 1

Mi Robot Vacuum Mop-P shipments in India have been delayed until December 1. The robotic vacuum cleaner was launched in the country...
Bhawani Singhhttps://techmepro.com
I am a blogger who believes in delivering latest tech news from around the world to my viewers.

Beijing opposes a forced sale of TikTok’s US operations by its Chinese owner ByteDance, and would prefer to see the short video app shut down in the United States, three people with direct knowledge of the matter said on Friday.

ByteDance has been in talks to sell TikTok‘s US business to potential buyers including Microsoft and Oracle since US President Donald Trump threatened last month to ban the service if it was not sold.


Trump has given ByteDance a deadline of mid September to finalise a deal.

However, Chinese officials believe a forced sale would make both ByteDance and China appear weak in the face of pressure from Washington, the sources said, speaking on condition of anonymity given the sensitivity of the situation.

ByteDance said in a statement to Reuters that the Chinese government had never suggested to it that it should shut down TikTok in the United States or in any other markets.


Two of the sources said China was willing to use revisions it made to a technology exports list on August 28 to delay any deal reached by ByteDance, if it had to.

China’s State Council Information Office and its foreign and commerce ministries did not immediately respond to requests for comment sent after working hours.

Asked on Friday about Trump and TikTok, Chinese foreign ministry spokesman Zhao Lijian said at a regular press briefing that the United States was abusing the concept of national security, and urged it to s top oppressing foreign companies.

Clash between powers

Reuters has reported that TikTok’s prospective buyers were discussing four ways to structure an acquisition from ByteDance.

Within these, ByteDance could still push ahead with a sale of TikTok’s U.S. assets without approval from China’s commerce ministry by selling them without key algorithms.

ByteDance and its founder Zhang Yiming have been caught in a clash between the world’s two preeminent powers.

Trump last month issued two executive orders that require ByteDance to sell TikTok’s U.S. assets or face being banned in the country, where the app is hugely popular among teenagers.

U.S. officials have criticised the app’s security and privacy, suggesting that user data might be shared with Beijing. TikTok has said it would not comply with any request to share user data with the Chinese authorities.

Beijing has said it firmly opposes Trump’s executive orders and on August 28 moved to give itself a say in the process, revising a list of technologies that will need Chinese government approval before they are exported. Experts said TikTok’s recommendation algorithm would fall under this list.

Chinese regulators said last week the rules were not targeted at specific companies but they reaffirmed their right to enforce them.

© Thomson Reuters 2020


Is Android One holding back Nokia smartphones in India? We discussed this on Orbital, our weekly technology podcast, which you can subscribe to via Apple Podcasts, Google Podcasts, or RSS, download the episode, or just hit the play button below.

 

Source link

More articles

Leave a Reply

Subscribe to our newsletter

To be updated with all the latest news, offers and special announcements.

- Advertisement -

Latest article

‘Earwig And The Witch’ Trailer: Studio Ghibli’s First Fully CG Movie Is Devoid Of Its Iconic Flair

Studio Ghibli movies have a unique look to it. Right? Even if you have a little idea about it, you'll be...

Small waters 'can help address biodiversity crisis'

Experts call for urgent action to protect England's smallest freshwater sites, from ponds to streams. Source link

Amazon announces new employee tracking tech, and customers are lining up

Amazon-powered employee tracking is coming to a warehouse, and possibly a store, near you.  The ecommerce, logistics, and (among other things) cloud computing giant...

How to Find Your Spotify Wrapped 2020

2020 has been a year for the books, but that hasn’t stopped anyone from streaming and listening to countless hours of music on...

Nvidia GeForce RTX 3060 Ti GPU With Better Performance Than GeForce RTX 2080 Super Launched: Price in India

Nvidia GeForce RTX 3060 Ti GPU has been announced by the company as part of the GeForce RTX 3060 series. Based on the...
- Advertisement -