TikTok sale complicated by China's new export rules
FRANCE24, 31 Aug 2020
China has updated its list of technologies that are banned or restricted for export, complicating the looming sale of social media platform TikTok. TikTok's Chinese owner ByteDance has been forced to seek a US buyer after US President Donald Trump signed an executive order effectively banning the app over national security concerns. So far, Oracle and a partnership between Microsoft and Walmart have thrown their hats into the ring to buy up the wildly popular video-sharing app.
Subscribe to France 24 now:
http://f24.my/youtubeEN
FRANCE 24 live news stream: all the latest news 24/7
http://f24.my/YTliveEN
Visit our website:
http://www.france24.com
Subscribe to our YouTube channel:
http://f24.my/youtubeEN
Like us on Facebook:
https://www.facebook.com/FRANCE24.English
Follow us on Twitter:
https://twitter.com/France24_en