US President Donald Trump agreed to allow Microsoft to negotiate the acquisition of popular short-video app TikTok if it could secure a deal in 45 days, three people familiar with the matter said.
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President Donald Trump will take action shortly on Chinese software companies that are feeding data directly to the Beijing government, posing a risk to US national security, secretary of state Mike Pompeo said.
President Donald Trump said on Friday he would sign an executive order as soon as Saturday to ban TikTok in the US, ratcheting up the pressure on the popular short-video app’s Chinese owner to sell it.
China’s government blasted the US for flouting the rules of global trade and business by threatening to ban TikTok, in Beijing’s strongest defence yet of ByteDance’s viral video app.
At Wednesday’s antitrust hearing, Facebook CEO Mark Zuckerberg is set to tell the US congress his company is an American success story crucial in winning an Internet arms race against China. TikTok’s CEO is already striking back.
Zhang Yiming is the little-known Chinese entrepreneur who built TikTok into one of the most promising franchises on the Internet. Now the brainy, combative founder is under pressure to save the business.
TikTok has become one of the world’s most popular apps by serving up a steady beat of lip-syncing videos and viral memes. But it’s also scooping up massive amounts of data on its users and tracking their every move.
White House adviser Peter Navarro said he expects US President Donald Trump to take “strong action” against Chinese-owned social media apps TikTok and WeChat for engaging in “information warfare” against the US.
Secretary of state Mike Pompeo said late on Monday that the US is “certainly looking at” banning Chinese social media apps, including TikTok.
Zoom, one of the few success stories of the Covid-19 pandemic, now faces a new competitor in an app backed by Asia’s wealthiest person Mukesh Ambani.