Dangerous precedence: The US government's move to force ByteDance to sell TikTok to a US company is akin to a forced technology transfer and an example of US' seizure of another country's intellectual property. — Reuters
ByteDance Group's TikTok, an overseas version of Chinese short video sharing app Douyin, faces an existential crisis in the United States, as murmurs of a "crackdown" from the White House forced the Chinese company to engage in talks on selling its US business to Microsoft.
TikTok is the fastest-growing registered global mobile internet app, with more than 100 million users, and its rapid growth, especially in the US, is seen as a threat to Facebook. The US government has long viewed globally competitive Chinese high-tech companies including Huawei as a threat and done whatever it could to crack down on them in the name of "national security".
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