WSJ: China opposes forced sale of TikTok to US

Chinese authorities would prefer to completely close the social network TikTok for users from U.S.A instead of a forced sale of the social network to American investors. The Wall Street Journal reports this with reference to sources.

It is alleged that representatives of the PRC authorities made it clear to the company that owns the social network, ByteDance, that the Chinese government “would rather allow the application to be blocked in the United States than to sell it.” At the same time, the ban on blocking the social network in the United States may be complicated by the popularity of TikTok in the States.

It is separately emphasized that the United States is the largest market for TikTok – about 170 million users use the application in this country. The potential sale of TikTok could be worth more than $100 billion.

Earlier, former US Treasury Secretary Steven Mnuchin, in an interview with CNBC, announced his desire to buy TikTok from the Chinese ByteDance. Read more about this in material Public News Service.

Message WSJ: China opposes forced sale of TikTok to US appeared first on Public news service.

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