China Sees the Sale of TikTok as a 'Extortion'
An article published today in China Daily, one of the media outlets directly affiliated with the Chinese Government, states that the Chinese Government has banned TikTok from the US.
An article published today in China Daily, one of the media outlets directly affiliated with the Chinese Government, states that the Chinese Government has banned TikTok from the US.
It is one of the media organs directly affiliated with the Chinese Government. China DailyAn article published today in has stated that the Chinese Government is not keen on selling TikTok to US companies and that it is a 'tyrannyHe explained that he saw it as '.
“China is dirty and unfair, tyrannical and It has no reason to green light such an extortion-based deal.” In the article, it was stated that TikTok will have earned a revenue of $ 1 billion by the end of 2020 and that such growth of TikTok makes the USA uneasy.
“The USA is forcing Bytedance to sell TikTok to US companies”
China Daily stated that the USA has made a habit of using national security as an excuse to stop foreign companies that are more successful than their US counterparts; He stated that the USA forced ByteDance to sell TikTok to US companies, knowing that banning TikTok in the country would be met with negative reactions by millions of young people.
Reminding that if Oracle and Walmart reach an agreement with ByteDance for the acquisition, four of the five board members of TikTok Global, which will be established, will be American and only one will be Chinese, China Daily stated that although ByteDance will give TikTok Global for the application codes in question, it will continue to have the authority to control the source code and updates.
“The establishment of TikTok Global could spell the end of Bytedance”
According to China Daily, if ByteDance reaches an agreement with Oracle and Walmart for TikTok Global, it will suffer great losses in terms of the development of the company in the long run, and bowing to the unreasonable demands of the USA may even bring about the end of ByteDance.
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