QUOTE: “The US administration has disregarded facts, disobeyed necessary legal procedures, and tried to insert itself into negotiations between private businesses,” ByteDance, owner of TikTok
Beijing, August 23
Chinese firm ByteDance, which owns video-sharing platform TikTok, said on Sunday it will file a lawsuit against the US Government over President Donald Trump’s executive order banning American transactions with the popular app while preparing plan to shut down its business in the country.
Trump signed executive orders on August 6 that would prevent TikTok and WeChat from operating in the US as they threatened America’s national security and economy.
Under the executive order, any transactions with ByteDance subject to US jurisdiction will face prohibition in 45 days or by mid-September.
US officials are concerned that the company could pass data on American users to the Chinese government. But ByteDance has denied this.
A separate order issued by the Trump administration on August 14 gave ByteDance 90 days to divest the US operations of TikTok. ByteDance is in talks with potential acquirers like Microsoft and Oracle. — PTI
Unlock Exclusive Insights with The Tribune Premium
Take your experience further with Premium access.
Thought-provoking Opinions, Expert Analysis, In-depth Insights and other Member Only Benefits
Already a Member? Sign In Now