Daily Management Review

China opposes sale of TikTok business in the US


China has issued a strong warning that it will resist TikTok's forced sale to the United States and its separation from Chinese parent company ByteDance.

Solen Feyissa
Solen Feyissa
Shu Jueting, a spokesperson for the Chinese Ministry of Commerce, said Beijing will vehemently reject the forced sale of the US TikTok business from Chinese parent company ByteDance to a new owner. 

She clarified that since such a deal would entail the export of technology, the Chinese government would need to approve it. This is the first response from Beijing to The Wall Street Journal's report that the administration of US President Joe Biden intends to pursue a forced selling of the US branch of the social network.

Furthermore, the Biden administration's actions would damage investor trust in the United States, according to Shu Jueting. She made her remark just before the CEO of the social network, Shou Zi Chew, started to respond to inquiries about the security of user data on Thursday, March 23.

source: wsj.com