China TikTok US. The popular video platform’s Beijing-based parent company, ByteDance, for the past month has been

[ China would rather see TikTok banned than sold to US company ]
The Chinese government would reportedly rather see TikTok banned in the United States than allow a forced sale of the app to a US company.

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The popular video platform’s Beijing-based parent company, ByteDance, for the past month has been in discussions to sell its US business after President Trump issued an executive order banning TikTok if a deal was not reached by the middle of September.

But Chinese officials oppose a forced sale, believing it would make both ByteDance and China appear weak, three people with direct knowledge of the situation told Reuters. ByteDance said in a statement that Beijing has never suggested that it shut down TikTok in the US or any other markets.

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Publisher: MarketWatch
Date: 2020-09-12T11:17:00-04:00
Author: Nicolas Vega
Twitter: @marketwatch
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China would reportedly rather see TikTok banned than sold to US company

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

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Beijing last month introduced export restrictions on artificial intelligence technology, seemingly including the algorithm that TikTok uses to determine which videos to show each user. That means ByteDance would have to obtain a license to export any restricted technologies to a foreign company.

Trump and other US officials have expressed concern that Beijing could force TikTok to hand over sensitive user data. TikTok has insisted it has never provided user data to China and that it would not do so if asked.

Publisher: New York Post
Date: 2020-09-11T18:09:49+00:00
Twitter: @nypost
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China would rather see TikTok U.S. close than a forced sale

Beijing opposes a forced sale of TikTok’s U.S. 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 U.S. business to potential buyers including Microsoft‘and Oracle‘since U.S. President Donald Trump threatened last month to ban the service if it was not sold.

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.

Publisher: CNBC
Date: 2020-09-11T17:38:07+0000
Author: Author link
Twitter: @CNBC
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China reportedly says would rather see TikTok get banned in US than allowing its sale

China might be reluctant to allow ByteDance to sell the US operations of its hit app TikTok to an American company. It would rather see TikTok face the ban that looms over the short-video platform than seeing it being sold. The purchase of TikTok by an American company would make Beijing look weak, especially at a time when the pressure on Chinese companies in the US is mounting.

Microsoft and Oracle have so far been on the front to buy TikTok for the US, and perhaps for global markets to assuage China-related fears. India blocked TikTok back in June on the grounds that it was found siphoning data off to China and posing as a threat to the country’s sovereignty. If TikTok loses its Chinese parent, then, analysts believe, it might re-enter India to wrest its position. TikTok is all the rage with millennials not only in India but several other countries, owing to its short-form video remix format.

Publisher: India Today
Date: 2020-09-12T18:36:01+05:30
Twitter: @indiatoday
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Chinese government reportedly would rather TikTok shut down than be sold

China could throw yet another wrench in TikTok’s attempts to secure its future in the US. Officials in the country are opposed to a sale and would rather see the app be banned than sold to an American company, Reuters reports.

The company is currently entertaining offers from Oracle, and Microsoft and Walmart, who have teamed up on a bid. Current TikTok owner ByteDance is reportedly considering deals that wouldn’t include the app’s algorithm.

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Publisher: Engadget
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