“What has happened with TikTok in the United States is a typical act of coercive possession," the head of the Chinese Mission to the EU, Zhang Ming, said. The Bytedance Ltd.-owned company has come under pressure in the US, where President Donald Trump’s ban has forced a sale of TikTok’s American operations. Zhang’s comments represent an oft-repeated refrain from Beijing, which has accused Washington of targeting Huawei without evidence and called the forced sale of TikTok US “state-sanctioned theft." Oracle’s closely watched bid will have to pass a US national security review as well as win the blessing of President Trump. Zhang said that the exclusion of Chinese companies from European and American markets on national security grounds isn’t based on any concrete evidence.

Source: Mint September 15, 2020 10:41 UTC