China to have a final say in TikTok sale to any US company
The assertion jeopardises negotiations over the sale of ByteDance’s prized international asset, which deals are already under Trump scrutiny
Hong Kong/Beijing — China has emphasised its right to approve or block the sale of technology abroad, confirming on Thursday that it will play a critical role in the sale of TikTok’s US operations to suitors that include Microsoft and Oracle.
Beijing’s assertion jeopardises negotiations over the sale of ByteDance’s prized international asset, a complex deal already under scrutiny by US President Donald Trump’s administration. The Chinese government added several artificial intelligence features to a list of export-restricted technologies, effectively gaining the right to block a deal by targeting features such as the recommendation algorithms essential to the viral video service...