How new Chinese export rules may complicate TikTok sale

An updated export rule from China could jeopardize the sale of TikTok’s U.S. operations, according to reports published Saturday in The Wall Street Journal and The New York Times.

According to the reports, China updated its export control rules to incorporate technology that could include TikTok, a claim later reasserted by commentary published in China’s state-controlled Xinhua news agency on Saturday.

Cui Fan, a professor of international trade in Beijing, told Xinhua that ByteDance would probably have to get approval from the Chinese government and suggested the company may have to suspend negotiations on TikTok’s sale.

CNBC reported Thursday that TikTok would announce the sale of its U.S., Canadian, Australian and New Zealand operations in the coming days in a deal worth $20 billion to $30 billion. ByteDance is considering offers from multiple companies, including Oracle and a joint bid from Walmart and Microsoft.

President Donald Trump issued an executive order earlier this month that would ban U.S. transactions with TikTok’s parent company, ByteDance. The company filed a lawsuit against the federal government over the Trump administrations’ efforts to block TikTok on Monday.

TikTok wasn’t immediately available for comment regarding the reports.


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[ean]

Just turn the damn app off... Its lowering our already low attention span. NOTHING useful is on the app.

[彼得伊万诺维奇巴格拉]

we don‘t sell tiktok

American people can only just chose TIKTOK or TRUMP

[justkris]

Bunch of old people talk bad about tiktok but use Facebook and call tiktok toxic but twitter and Facebook at the top 2 most toxic social media sites and twitter has no censorship so you can post anything on their

[Lu-cho]

Tik tok, Instagram, Facebook
Are same shhi.ittt
Tik tok off? Bunch of IGNORANCE
every year is a new one..

All socila media STILLING YOUR INFO, LOCATION, TEXT, COMMENTS, PICTURES, VIDEOS *"YOU KNOW AND YOU STILL USING IT"*

[robloxiancitizen]

Tiktok should be banned, there are many videos taken out of context and is believed by a majority of young children who try acting like they are “old”

[urdbest]

We should really focus on resolving domestic issues instead of spending remaining resources to restrain China.

[daddy_loves_you]

Once tik tok is gone a bunch of kids are gonna cry 😂

[mycmatthew]

All this commotion for an app??? SMFHHHH

[nordberserker]

Don't worry, app writers will have something even dumber after TikTok is gone.

[matthewoverstreet]

China could benefit from this deal? Doesn't that violate the Hong Kong Act?

[candy]

Lord, all these apps are gonna turn people into zombies on their phones all day.. 24/7. Scary!

[Mondrayish]

I think LK would be a good owner of Tesla operations in China.

[ultraslang]

How about instead of banning tiktok, they get rid of youtube ads.

[clydeng]

When Trump said he was going to take a big cut of the sale. I think that's what blew the sale.

[NegativEgale]

Good, protect core technology and national interest!

[s.leemccauley]

Just ban the dang thing and get it over with.

[justinrojas]

Who cares The Church Of What’s Happening Now just officially ended. Joey you actually made me cry bro . Lee keep it real, gonna miss those Ohhh’s and Giggles on my morning routine. 😉👍🏽🇺🇸

[themiddlekingdom]

People over the world like the name of Tik Tok that why they are using it and its short video make people to create contents and post their contents on its apps. Facebook doesn't like it of course, the founder Mark Z. doesn't like competition that why he said it is unsafe to use.

[nic]

when uber sold their Chinese business to didi, does didi get the algrorithm?

[SirAnonymousUploader]

But they don’t need to follow Chinese law? Wasn’t that their argument about not requiring to share data to the CCP?