Beijing’s assertion jeopardizes negotiations over the sale of ByteDance Ltd’s prized international asset, a complex deal already under scrutiny by Donald Trump’s administration. — Yan Cong/Bloomberg
China emphasised its right on Sept 3 to approve or block the sale of technology abroad, confirming it will play a critical role in the sale of TikTok’s US operations to suitors including Microsoft Corp and Oracle Corp.
Beijing’s assertion jeopardizes negotiations over the sale of ByteDance Ltd’s prized international asset, a complex deal already under scrutiny by Donald Trump’s administration. The Chinese government on Aug 28 added several artificial intelligence features to a list of export-restricted technologies, effectively gaining the right to block a deal by targeting features such as the recommendation algorithms essential to the viral video service.
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