TikTok owner says will abide by new Chinese export rules | Malay Mail

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BEIJING, Aug 30 — The owner of popular video app TikTok said today it will “strictly abide” by China’s new export rules, which could potentially complicate a sale of the business as demanded by US President Donald Trump. TikTok has been at the centre of a diplomatic storm between Washington...

This illustration photo taken November 21, 2019, shows the logo of the social media video sharing app Tiktok displayed on a tablet screen in Paris. — AFP pic

TikTok has been at the centre of a diplomatic storm between Washington and Beijing, and Trump signed an executive order on August 6 giving Americans 45 days to stop doing business with TikTok’s Chinese parent company ByteDance — effectively setting a deadline for a sale of the app to a US company. The new regulations could make it more difficult for Bytedance to sell the wildly popular video app, which features clips of everything from dance routines and hair-dye tutorials to jokes about daily life and politics.

The move marked the first time China has adjusted its list of technologies subject to export bans or restrictions since 2008, adding 23 new items.

Source: News Formal (newsformal.com)

 

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