China reiterates right to review tech export deals amid confused TikTok US sale

//China reiterates right to review tech export deals amid confused TikTok US sale

China reiterates right to review tech export deals amid confused TikTok US sale

China’s Ministry of Commerce on Thursday confirmed that it has authority to review cross-border deals that would transfer local technology overseas, complicating efforts by TikTok owner ByteDance to divest the US operation of its popular short video service.Companies “should consult provincial-level commerce administrations” for any overseas transactions involving technologies listed under China’s revised tech export control rules, said Gao Feng, a spokesman for the Ministry of Commerce, in a…

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By | 2020-09-03T11:50:04+00:00 September 3rd, 2020|Technology|Comments Off on China reiterates right to review tech export deals amid confused TikTok US sale