The sale of TikTok to an American company is complicated at times. Microsoft is the main candidate to get “Western TikTok” as we saw at the time. However, a new law in China may make the sale more complicated or even unfeasible if the authorities in the eastern country so decide.
As explained in WSJ , China has approved new regulations for the export of Chinese technologies abroad . These rules focus on controlling what can or cannot be exported abroad, especially technologies that the government may consider sensitive. It can be, for example, artificial intelligence technologies, text or voice recognition, content suggestions … In short, intellectual property that they consider could endanger China.
The answer to the United States
This is where selling TikTok comes in . Its parent company ByteDance has agreed to sell part of TikTok to a company in the United States to satisfy the requirements of the United States so that the service can continue to operate. The United States has agreed to the proposal ( with a commission in between ) and several companies are already fighting to take over TikTok, with Microsoft as the most talked about and others such as Oracle , Walmart or Twitter rumored. But it may not be enough to reach an agreement.
China is strict on technology exports: it may prevent TikTok from being sold without government permission
China is strict on technology exports: it may prevent TikTok from being sold without government permission.
The sale of TikTok to an American company is complicated at times. Microsoft is the main candidate to get “Western TikTok” as we saw at the time. However, a new law in China may make the sale more complicated or even unfeasible if the authorities in the eastern country so decide.
TikTok and children’s social media terrify me (and maybe working in this area doesn’t help)
TikTok and children’s social media terrify me (and maybe working in this area doesn’t help)
As explained in WSJ , China has approved new regulations for the export of Chinese technologies abroad . These rules focus on controlling what can or cannot be exported abroad, especially technologies that the government may consider sensitive. It can be, for example, artificial intelligence technologies, text or voice recognition, content suggestions … In short, intellectual property that they consider could endanger China.
The answer to the United States
This is where selling TikTok comes in . Its parent company ByteDance has agreed to sell part of TikTok to a company in the United States to satisfy the requirements of the United States so that the service can continue to operate. The United States has agreed to the proposal ( with a commission in between ) and several companies are already fighting to take over TikTok, with Microsoft as the most talked about and others such as Oracle , Walmart or Twitter rumored. But it may not be enough to reach an agreement.
TikTok
With these new rules in Chinese law, the Asian country could have the final word for the sale of TikTok to a company outside of China. If they consider TikTok (in particular its recommendation algorithms ) to be intellectual property, ByteDance would need a license in order to sell TikTok to someone in the United States. A response to the meddling of the United States government in the matter.
At the moment it is not clear how exactly these new rules can influence the sale of TikTok. However, a government trade adviser told the state-run Xinhua News Agency that ByteDance should consider “seriously and cautiously” whether or not it should stop its sales negotiations.
Meanwhile, in the other part of the world, the United States applied a veto on August 6 that blocks all transactions with ByteDance and requests a sale agreement in 45 days. On August 14, this order was extended to 90 days. Kevin Mayer, who came from Disney four months ago to be CEO at TikTok, resigned last week. TikTok, meanwhile, has sued the government of Donald Trump.
