Reuters reported that yesterday, three people with direct knowledge of the Tiktok argument has stated that Beijing opposed the forced sale of TikTok’s U.S. operations by its Chinese owner ByteDance and would prefer to see TikTok shut down in the US.
According to the latest news, last month, after U.S. President Donald Trump threatened to ban TikTok if it was not sold, ByteDance has been in talks with potential buyers like Microsoft MSFT.O and Oracle ORCL.N to sell TikTok’s U.S. business. ByteDanc was granted a deadline of mid September by the Trump administration to finalize a deal. Trump administration have criticized TikTok’s security and privacy and presented that user’s personal data might be shared with Beijing.
Now, on the other hand, the Chinese officials believe that a forced sale of TikTok would imply ByteDance and China to be weak enough to be tweaked by policy strategies of Washington.
In an official statement, ByteDance said to Reuters that the Chinese government had never suggested TikTok to be shut down in either the US or in any other part of the world. Two Chinese sources said that China is willing to use revisions to its technology exports list of 28th August 2020. As of now, China’s State Council Information Office and its foreign and commerce ministries did not immediately respond to these happenings.
Yesterday, Zhao Lijian, Chinese foreign ministry spokesman said at a regular press briefing that the United States has been abusing the concept of national security. He further urged the US to stop this oppression of foreign companies.
TikTok’s prospective buyers were discussing to structure an acquisition from ByteDance and ByteDance itself has the potential of pushing ahead the sale of TikTok’s U.S. assets without any formal approval from China’s commerce ministry.it seems that right now, ByteDance and its founder Zhang Yiming have been caught in a clash between the world’s two preeminent powers.
15th September is supposedly the deadline, after which the Trump Administration’s executive order will supposedly ban TikTok in the US due to unproven security concerns expressed by the US Government. It must be noted that since the start of the very first executive order against TikTok, Instagram has already launched a TikTok copycat app, Reels while TikTok’s CEO resigned following backlash from the Trump administration.