Chinese officials apparently have something to say about a TikTok sale to a US company, with two bits of news coming out of China that …
Chinese officials apparently have something to say about a TikTok sale to a US company, with two bits of news coming out of China that reportedly could make potential buyers such as Microsoft and Oracle wary. China updated the country’s export-control rules on Friday, to cover what it considers sensitive technologies, including, possibly, the popular video app’s personalized recommendation engine, The New York Times reported Saturday. And China’s official Xinhua news agency published a commentary Saturday saying the new rules might mean TikTok parent ByteDance — a Chinese firm — would need to be granted a license before it could sell, the Times noted. The news comes amid reports that a TikTok sale is imminent, and it indicates China’s desire to prescribe the terms of a sale, though the government there might not prohibit one outright, the Times said.
