ByteDance, the Chinese parent company of TikTok, has filed a petition with a US appeals court challenging a Trump administration order set to take effect on Thursday requiring it to divest TikTok.
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China’s technology industry, one of Donald Trump’s main targets in Washington’s tussles with Beijing, hopes Joe Biden can create a more constructive relationship – but few think the rivalry will de-escalate.
ByteDance is in discussions over a $2-billion financing round before listing some of its businesses in Hong Kong, people familiar with the matter said, as talks over a sale of TikTok to Oracle and Walmart stall.
Chinese President Xi Jinping has called for setting up independent and controllable supply chains to ensure industrial and national security, just as the US moves to cut China off from key exports.
China is set to pass a new law that would restrict sensitive exports vital to national security, expanding its toolkit of policy options as competition grows with the US over access to modern technologies.
Every toy, gadget and item you see on YouTube could soon be for sale online – not on Amazon, but right on YouTube itself.
China said at a World Trade Organisation meeting that restrictions by the US on Chinese mobile applications TikTok and WeChat are in violation of the body’s rules, a trade official said.
ByteDance is working with US regulators to resolve outstanding security concerns over its planned sale of a stake in TikTok, and the companies involved are bracing for the approval process to drag on past the November election.
China is preparing to launch an antitrust probe into Google, looking into allegations it has leveraged the dominance of its Android mobile operating system to stifle competition, sources said.
Donald Trump, Covid-19 and an increasingly truculent Xi Jinping means there is no such thing as certainty in the world of business and politics. Everyone needs insurance.