TikTok owner to spend billions in Singapore after United States ban

Ruben Fields
September 13, 2020

A TikTok employee who sued to stop President Donald Trump's ban of the social media app in the U.S. is ignoring the Chinese government's control over ByteDance, TikTok's owner, the Trump administration said.

Two sources cited by Reuters claimed that if need be, Beijing was willing to resort to amendments made to a technology export list on 28 August to delay any deal negotiated by ByteDance.

"I'm not extending deadlines. No". Trump on Thursday said that he would not extend the September 15 deadline for the deal. We will see what will happen to TikTok in the United States of America in the coming days.

Recent comments from President Donald Trump are reportedly causing some confusion about the deadline for when TikTok must be sold.

"We'll either close up TikTok in this country for security reasons, or it'll be sold", Mr Trump said just before boarding Air Force One at Andrews Air Force Base. Top US officials have praised India for the action and started the process of doing the same.

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If ByteDance doesn't sell the app, then U.S. firms will be barred from doing business with it after the deadline has elapsed.

Trump's given the enterprise a deadline to hand above TikTok's US belongings prior to the ban would go into effect, however even he appears to be a very little fuzzy on when accurately that is.

The popular app faced scrutiny because it is owned by ByteDance. TikTok has filed a lawsuit against the Trump administration calling the executive order unconstitutional. TikTok, on the other hand, said it would not bow to requests to share user data with the Chinese administration. The company also said it wouldn't turn over data to the Chinese government even if it were asked to do so. The UK government will likely ban TikTok from moving local user data out of the country, Bloomberg News has reported. If the application is not ready to sell itself to any American company then it will be prohibited from conducting business with the US. Trump gave TikTok 45 days to find a USA -based buyer. "Some creators who rely on TikTok for their livelihoods would probably have to get a burner phone to keep TikTok working, but it's certainly not impossible", Sinclair says.

But China has moved to nix the deal by imposing new export controls on "personalised recommendation services" that would nearly certainly include the content selection algorithms which have driven TikTok's success.

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