Yahoo: ByteDance Chief Reconsiders Tiktok Options After New China Rules
Tue September, 2020, Age: 3 years
China on Friday released new export control rules which may affect the sale of ByteDance’s TikTok app to a U.S. business on national security concerns. Beijing’s last-minute entry into the process raises the odds that Zhang will hold on to the U.S. operation beyond the stated American deadlines or even back out of a deal altogether. It’s likely the need for approval in Washington and Beijing — along with the already complex negotiations — will push any final deal beyond the November elections in the U.S. in any case, a person familiar with the matter has said.