WSJ: Microsoft’s Talks to Buy TikTok’s U.S. Operations Raise Ire in China
Mon August, 2020, Age: 4 years
In the wake of President Trump’s remarks over the weekend that he was considering the outright ban of TikTok in the U.S., Microsoft has entered into talks with TikTok’s parent company Bytedance to buy the app’s U.S. operations. While this has been viewed by Americans as a compromise solution, it has provoked a nationalist backlash from Chinese officials and citizens, who argue that the U.S. is being hypocritical and protectionist. The sale would also send a warning sign to other successful Chinese internet companies such as Alibaba, Tencent, and Wechat, who worry they may be next in the crosshairs of American regulators.