New Chinese rules could complicate a sale of TikTok's U.S. business

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Beijing appears to have just thrown a wrench into the possibility that TikTok could be sold to an American buyer to avoid a ban on its business in the United States, after Chinese officials on Friday revised rules that govern the sale of certain kinds of technology to foreign buyers.

Chinese officials on Friday revised rules that govern the sale of certain kinds of technology to foreign buyers. The updated list includes data processing, speech and text recognition, according to government notices.

The announcement marked the first time those rules have been revised since 2008. 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 notices did not name TikTok or its Beijing-based owner ByteDance, but experts have pointed out that the rule change would require ByteDance to obtain government permission before it could sell TikTok to a foreign company.who said the revisions would cover a sale of TikTok. ByteDance said Sunday that it was aware of the new rules, and that it would "strictly comply" with them.

 

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That should tell you right there it is a security threat to Xana6da and US.

Bury it!

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