Beijing has rejected the compulsory sale of TikTok’s US activities and would like to see the U.S. shut down the video service platform. According to Gadgets360, three people with direct knowledge of the matter commented on the issue on Friday.
ByteDance has been in negotiations to sell the US division of TikTok to prospective customers including Microsoft and Oracle after the treat last month from US President Donald Trump who had threatened to block the service if it was not sold.
Trump gave ByteDance a mid-September deadline to finalize arrangements.
However, sources on the condition of anonymity given the situation’s sensitivity further revealed that Chinese officials suspect a forced selling would make both ByteDance and China look vulnerable in the face of Washington’s scrutiny.
In a statement to Reuters, ByteDance said the Chinese government had never proposed it shut down TikTok in the United States or any other markets.
Two of the sources said China was able to use revisions it made to a list of technology exports on August 28 to block any agreement that ByteDance might have struck, if possible.
Apparently, ByteDance is caught in the middle of a clash between America and China.
But amid these, ByteDance could still go ahead with a sale of TikTok’s U.S. division by selling them without core algorithms, i.e neglecting any form of permission from China’s trade ministry.