Mon, 2020-08-31 01:20
SHANGHAI: China’s new rules around tech exports mean ByteDance’s sale of TikTok’s US operations could need Beijing’s approval, a Chinese trade expert told state media, a requirement that would complicate the forced and politically charged divestment.
ByteDance has been ordered by President Donald Trump to divest short video app TikTok in the United States amid security concerns over the personal data it handles. Microsoft Corp. and Oracle Corp. are among the suitors for the assets, which also includes TikTok’s Canada, New Zealand and Australia operations.
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