- Bytedance chinese tiktok china wechat alipayliaotechcrunch how to#
- Bytedance chinese tiktok china wechat alipayliaotechcrunch full#
“While we’re talking about an app that’s for cat videos and dancing, there is some interesting underlying technology that any country would want to protect,” he said, such as the advanced artificial intelligence algorithms that help make TikTok’s feed so addictive. But there is also valuable technology of global importance that drives the light-hearted content, according to Nathaniel Rushforth, a cybersecurity and data compliance specialist and lawyer with Da Wo Law Firm in Shanghai. The wildly popular app is known for its endless scroll of dancing videos, lip syncing routines and comedy sketches.
Bytedance chinese tiktok china wechat alipayliaotechcrunch full#
The latest move could be posturing by Beijing, said Elena Chachko, lecturer on law at Harvard Law School, who added that the government may be engaging in “a tit-for-tat dynamic.”īut China is also “making clear that the United States doesn’t have full control over the future of US TikTok operations and a potential TikTok sale,” she added. Microsoft, Walmart and Oracle declined to comment on the new regulations from China.Ĭhina has repeatedly pushed back against the Trump administration’s treatment of TikTok, calling it “blatant bullying” in the name of national security.
Bytedance chinese tiktok china wechat alipayliaotechcrunch how to#
“It will cause any bidder to pause and wonder how to proceed,” he added. Last week, CEO Kevin Mayer resigned after less than four months on the job, citing the “sharply changed” political environment.Ĭhina’s changes to its export control rules are a way for the country “to exert some leverage over the situation,” according to Anupam Chander, a law professor at Georgetown University. (WMT), which have said they are pursuing a joint bid. The app already has a handful of prospective buyers, including Microsoft This is what it's like when a country actually bans TikTok (Photo by Narinder Nanu/AFP/Getty Images) Narinder Nanu/AFP/Getty Images "TikTok continues to comply with all data privacy and security requirements under Indian law and have not shared any information of our users in India with any foreign government, including the Chinese Government," said the company, which is owned by China's ByteDance. TikTok on June 30 denied sharing information on Indian users with the Chinese government, after New Delhi banned the wildly popular app citing national security and privacy concerns. Indian mobile users browses through the Chinese owned video-sharing 'Tik Tok' app on a smartphones in Amritsar on June 30, 2020. TikTok has denied the allegation and sued the Trump administration over one of the orders, calling it “heavily politicized.” Trump and other US politicians have said the app poses a threat to national security.
Talk of a sale began as President Donald Trump issued executive orders this month threatening to ban the app unless ByteDance sells its US operations in the coming weeks. “As with any cross-border transaction, we will follow the applicable laws, which in this case include those of the US and China,” he added. State-run news agency Xinhua, for example, this weekend cited trade expert Cui Fan as saying that the revisions would cover a sale of TikTok.īyteDance should “seriously and carefully consider whether it is necessary to suspend substantive negotiations” on a potential deal given the new rules, Cui, a professor at the University of International Business and Economics, told Xinhua.īyteDance General Counsel Erich Andersen said in a statement that the company is studying the new regulations. The notices did not name TikTok or its Beijing-based owner ByteDance, but experts have pointed out that the rule change would likely require ByteDance to obtain government permission before it could sell TikTok to a foreign company. China’s Ministry of Commerce and Ministry of Science and Technology said the changes were meant to “formalize the management of technology export” and “protect national security.” The announcement marked the first time those rules have been revised since 2008. Why does Walmart want TikTok? Look at how teens shop in China
(Photo by NICHOLAS KAMM / AFP) (Photo by NICHOLAS KAMM/AFP via Getty Images) Nicholas Kamm/AFP/Getty Images Walmart saw its profits jump in latest quarter as e-commerce sales surged during the coronavirus pandemic and US government stimulus payments boosted spending, the company reported on August 18. Cars drive past a Walmart store in Washington, DC, on August 18, 2020.
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