USA Plans To Ban TikTok, Other Chinese Social Media Apps

TikTok: “We Will Not Accept The U.S. Theft”, China.

by AnaedoOnline
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Chinese state media has reported on Tuesday, that China, will not accept the U.S. “theft” of a Chinese technology company,
The Trump administration’s pressuring of ByteDance, TikTok’s parent company in China, to sell its U.S. operations to Microsoft or risk closure amounts to a “smash and grab,” the state-run China Daily newspaper wrote in an editorial.

Beijing has ways to retaliate against Washington’s pressure on the Chinese-owned short video app TikTok. While Beijing will likely be “cautious” in imposing equivalent restrictions on U.S. companies in China, it has “plenty of ways” to retaliate, the paper said.

It was reported on Monday, that Microsoft said that it was in discussions with ByteDance to buy parts of TikTok after U.S. President Donald Trump gave the companies 45 days to reach a deal.

Trump had initially made a move to ban TikTok in the U.S. on national security grounds. U.S. Secretary of State Mike Pompeo said over the weekend that Washington might take action “shortly” against TikTok and other Chinese companies believed to share data with the Chinese government.
ByteDance said in a statement late Sunday it was still committed to being a global company despite “complex and unimaginable difficulties” including the “tense” international political environment.

 

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We had reported earlier that social media, TikTok is to be acquired by Tech giants, Microsoft after US President Donald Trump, announced that he’ll be banning the app from the United States over an allegation that the Chinese government uses it to spy on Americans.

Microsoft to buy TikTok after Trump announced he

 

In a post, Microsoft (MSFT) said its CEO Satya Nadella has talked with Trump about buying the app, which is owned by Chinese company ByteDance after US policymakers have expressed concerns about the app’s ability to invade users privacy.

“[Microsoft] is committed to acquiring TikTok subject to a complete security review and providing proper economic benefits to the United States, including the United States Treasury,” the company said, adding that it will “move quickly” to talk with ByteDance “in a matter of weeks.”

“During this process, Microsoft looks forward to continuing dialogue with the United States Government, including with the President,” the company added.

“This new structure would build on the experience TikTok users currently love while adding world-class security, privacy, and digital safety protections,” Microsoft said. “The operating model for the service would be built to ensure transparency to users as well as appropriate security oversight by governments in these countries.”

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If Microsoft does buy TikTok it could avert the ban that Trump threatened on Friday, July 31. In Trump’s threat, he said that he could use emergency economic powers or an executive order to block the app from operating in the United States.

If the deal goes through, and Microsoft buys majority shares of the Tiktok’s parent company ByteDance, Microsoft would own and operate TikTok services in the United States, Canada, Australia, and New Zealand and also ensure that all private data of TikTok’s American users would be transferred to and remain in the United States.

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