After criticism in China for ‘kneeling down’ to the US, ByteDance affirms its control over TikTok Global

//After criticism in China for ‘kneeling down’ to the US, ByteDance affirms its control over TikTok Global

After criticism in China for ‘kneeling down’ to the US, ByteDance affirms its control over TikTok Global

TikTok’s Chinese owner ByteDance, which has been criticised in its home market for “kneeling down” too fast after the Trump administration ordered it to divest its operations in the US, emphasised on Monday that it will retain control over the new US-based entity it plans to form with Oracle Corporation and Walmart.In a post on ByteDance’s news aggregation platform Jinri Toutiao, the Beijing-based company also denied that it had committed to pay US$5 billion in taxes to the US Treasury or to…

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By | 2020-09-21T04:02:55+00:00 September 21st, 2020|Business|Comments Off on After criticism in China for ‘kneeling down’ to the US, ByteDance affirms its control over TikTok Global