China has no reason to approve the 'dirty and unfair' deal based on 'bullying and extortion' that Oracle Corp and Walmart Inc said they struck with ByteDance, the state-backed English-language China Daily newspaper said on Wednesday.
SHANGHAI - China has no reason to approve the “dirty and unfair” deal based on “bullying and extortion” that Oracle Corp and Walmart Inc said they struck with ByteDance, the state-backed English-language China Daily newspaper said on Wednesday.
“What the United States has done to TikTok is almost the same as a gangster forcing an unreasonable and unfair business deal on a legitimate company,” it said in an editorial. ByteDance has said it will establish a U.S. subsidiary called TikTok Global of which it will own 80%. “National security has become the weapon of choice for ... Washington when it wants to curb the rise of any companies from foreign countries that are out-performing their U.S. peers,” the editorial said.
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