New tech export controls may give Beijing say in TikTok sale - News Summed Up

New tech export controls may give Beijing say in TikTok sale


ByteDance has been ordered by President Donald Trump to divest short video app TikTok in the United States amid security concerns over the personal data it handles. Cui Fan, a professor of international trade at the University of International Business and Economics in Beijing, said the changes would apply to TikTok. “If ByteDance plans to export related technologies, it should go through the licensing procedures,” Cui said in an interview with Xinhua published on Saturday. As with any cross-border transaction, we will follow the applicable laws, which in this case include those of the United States and China,” ByteDance general counsel Erich Andersen said. China’s foreign ministry has said it opposes the executive orders Trump has placed on TikTok and that Beijing will defend the legitimate rights and interests of Chinese businesses.


Source: Dhaka Tribune August 30, 2020 14:37 UTC



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