Chinese govt complicates TikTok sale ordered by US
New York, August 31
The Chinese government is complicating the US-government-ordered sale of US TikTok assets.
China on Friday introduced export restrictions on artificial intelligence technology, seemingly including the type that TikTok uses to choose which videos to spool up to its users. That means TikTok’s Chinese owner, ByteDance, would have to obtain a licence to export any restricted technologies to a foreign company.
The Trump administration has threatened to ban TikTok and ordered ByteDance to sell its US business, claiming national-security risks due to that Chinese ownership. The government worries about user data being funneled to Chinese authorities. TikTok denies it is a national-security risk and is suing to stop the administration from the threatened ban.
Prospective buyers for US TikTok assets include Microsoft and Walmart and, reportedly, Oracle. (Oracle has declined to comment.) On Saturday, Chinese state-owned media outlet Xinhua News Agency quoted government trade adviser and professor Cui Fan, who said ByteDance should consider whether it should halt negotiations to sell TikTok in the US.
“As with any cross-border transaction, we will follow the applicable laws, which in this case include those of the US and China,” said ByteDance General Counsel Erich Andersen. — AP
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