TikTok’s Chinese owner ByteDance offers to divest operation to clinch US deal

//TikTok’s Chinese owner ByteDance offers to divest operation to clinch US deal

TikTok’s Chinese owner ByteDance offers to divest operation to clinch US deal

China’s ByteDance has agreed to divest the US operations of TikTok completely in a bid to save a deal with the White House, after President Donald Trump said on Friday he had decided to ban the popular short-video app, two people familiar with the matter said on Saturday.US officials have said TikTok under its Chinese parent poses a national risk because of the personal data it handles. ByteDance’s concession will test whether Trump’s threat to ban TikTok is a negotiating tactic or whether he…

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By | 2020-08-01T16:33:17+00:00 August 1st, 2020|World|Comments Off on TikTok’s Chinese owner ByteDance offers to divest operation to clinch US deal