Chinese government reportedly would rather TikTok shut down than be sold

China could throw yet another wrench in TikTok’s attempts to secure its future in the US. Officials in the country are opposed to a sale and would rather see the app be banned than sold to an American company, Reuters reports.

The report, which cites “three people with direct knowledge of the matter,” says that “Chinese officials believe a forced sale would make both ByteDance and China appear weak in the face of pressure from Washington.” 

It also comes just days ahead of Donald ’s Sept. 15 deadline for TikTok to find a new home with an American company. Experts have said it’s unlikely a deal could materialize that quickly, but said Thursday he would not extend the deadline. 

Further complicating things are new trade rules in China, which could prevent a buyer from acquiring TikTok’s recommendation algorithm. Reuters reports that China is prepared to use the policy to “delay any deal reached by ByteDance, if it had to.”

TikTok didn’t immediately respond to a request for comment.

Developing...

sonos sonos One (Gen 2) - Voice Controlled Smart Speaker with Amazon Alexa Built-in - Black read more

All products recommended by Engadget are selected by our editorial team, independent of our parent company. Some of our stories include affiliate links. If you buy something through one of these links, we may earn an affiliate commission.

Comments

Share

20 Shares

sonos sonos One (Gen 2) - Voice Controlled Smart Speaker with Amazon Alexa Built-in - Black read more

all right reserved for yahoo news

PREV Apple gives Stadia and xCloud the green light to run on iOS
NEXT Amazon gets FAA approval to test US Prime Air delivery drones