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China updated its export rules in a way that could delay the sale of TikTok.
It’s a tactic to buy more time against the president’s impending ban on the app.
President Trump’s executive order restricts Chinese tech platforms. Correspondent Jennifer Pak discusses the future of competition in developing markets.
These orders mean that in 45 days, transactions with WeChat or TikTok from American persons or companies would be banned.
The rationale is that the U.S. needs “clean networks” to guard Americans’ data and the secrets of U.S. companies.
The Committee on Foreign Investment in the United States screens deals for national security risks.
The Committee on Foreign Investment in the United States, or CFIUS, has grown in influence over the years.
Microsoft can “go ahead” with efforts to buy TikTok, Trump said, so long as the U.S. Treasury pockets “a substantial amount of money.”
In the tech world, Microsoft is seen as the serious company that does grown-up stuff, so why does it want the social media platform?
A leaked memo from ByteDance’s CEO to its staff says TikTok has no choice but to sell its U.S. operations.
