Friday, 11 September 2020

China may kill TikTok’s U.S. operations rather than see them sold

China may kill TikTok’s U.S. operations rather than see them soldThe controversial push to force Chinese tech unicorn ByteDance to divest part or all of its smash-hit TikTok social media service to a US-based company could be in doubt after a report today indicated that China's government may oppose the transaction. According to reporting by Reuters, the Chinese government may prefer TikTok to simply shutter its U.S. operations instead of allowing it to be sold to an American company. The potential divestment of TikTok is not a regular business transaction.




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