China's ByteDance agrees TikTok sale as US ban looms for video app




  • In Business
  • 2020-08-01 16:02:29Z
  • By The Telegraph
China\
China\'s ByteDance agrees TikTok sale as US ban looms for video app  

The Chinese owner of TikTok was last night scrambling to sell the viral video app to Microsoft after Donald Trump pledged to ban the platform in the United States.

ByteDance, one of China's biggest tech companies, has agreed to offload the social media platform's US operations in a bid to save a deal with the White House, Reuters reported.

The Chinese firm had been keen to retain a minority stake in the business but was forced to take swift action after the US president pledged to ban TikTok from the US over security concerns.

The video-sharing app, which claims to have 100 million American users, has been the subject of fears the Chinese state could exploit its data for intelligence purposes.

The president said on Friday night: "As far as TikTok is concerned, we're banning them from the United States."

Mr Trump said he would sign an executive order on Saturday.

The move adds further strain to US-China relations amid an ongoing row over the potential national security threat posed to the US by telecoms firm Huawei.

A TikTok spokesman said the firm was committed to protecting users' privacy.

She said: "TikTok US user data are stored in the US, with strict controls on employee access. TikTok's biggest investors come from the US."

COMMENTS

More Related News

Trump
Trump's TikTok and WeChat Ban Could Backfire Inside China
  • World
  • 2020-08-12 08:42:33Z

HONG KONG-As Donald Trump moves to ban transactions with WeChat and ByteDance, the parent company of TikTok, people in China are wondering if they'll need to ditch their iPhones to keep their favorite app, and noting that the White House's splinternet rhetoric is straight out of Beijing's own playbook. Trump's moves against ByteDance and Tencent's WeChat strike at two tech companies deeply entrenched in China's social life-and, in WeChat's case, critical to the consumer reach of American companies inside China. ByteDance's TikTok, the popular short video platform that in the past weeks was in the crosshairs of Trump and Secretary of State Mike Pompeo, has been one of the most downloaded...

Exclusive: U.S. ban on TikTok could cut it off from app stores, advertisers - White House document
Exclusive: U.S. ban on TikTok could cut it off from app stores, advertisers - White House document

President Donald Trump's executive order banning China's TikTok could prevent U.S. app stores from offering the popular short-video app and make advertising on the platform illegal, according to a White House document seen by Reuters. Trump signed an order last week prohibiting transactions with TikTok if its parent ByteDance does not reach a deal to divest it in 45 days. It did not specify the scope of the ban, stating only that the U.S. Department of Commerce would define which transactions would be barred at the end of the 45-day period.

Trump attacks Kamala Harris over Kavanaugh hearings in first remarks since she was named Biden
Trump attacks Kamala Harris over Kavanaugh hearings in first remarks since she was named Biden's running mate

Trump's comments come after the Biden campaign announced Harris as his running mate this fall.

What
What's happened to your second coronavirus stimulus check?

Treasury Secretary Mnuchin says new payments can be sent quick. So where are they?

Leave a Comment

Your email address will not be published. Required fields are marked with *

Cancel reply

Comments

Top News: Business