ByteDance

20 Sep 2020
Deadline set by the Trump Administration for ByteDance to sell its video sharing app TikTok before it is banned in the US. The Trump administration issued an order on 06 Aug to ban American firms from doing business with TikTok or WeChat, two Chinese social-media giants, within 45 days. In effect, this sets a deadline for Microsoft to acquire TikTok. Hours earlier Mike Pompeo, America’s secretary of state, published a sweeping proposal to protect the country’s telecoms and technology infrastructure. It amounts to isolating Chinese software, mobile networks and more, and encouraging non-Chinese companies to withdraw from Chinese app stores.
Last Modified: 07-Aug-2020 11:54 PM
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Source The Economist Espresso