BEIJING (BLOOMBERG) - A US investigation into ByteDance Ltd's TikTok is really intended to smother a Chinese-owned app that's become a sensation with Americans, founder Zhang Yiming told employees in China on Tuesday (Aug 4).. Read more at straitstimes.com.
BEIJING - A US investigation into ByteDance Ltd's TikTok is really intended to smother a Chinese-owned app that's become a sensation with Americans, founder Zhang Yiming told employees in China on Tuesday .
Escalating US-China tensions had prompted American politicians to warn that the app posed a potential national security threat and call for an investigation into whether US user data was being shared with Beijing, accusations that ByteDance has repeatedly rejected. President Donald Trump said on Monday any sale of TikTok's American operations would have to include a substantial payment to the US, though it wasn't clear under what authority he can extract a payment.
Zhang's comments were echoed by prominent venture capitalist Lee Kai-Fu, who wrote on Tuesday on Chinese social media he found the fracas around TikTok"unbelievable". The former head of Google's Chinese operations added that while Google was forced to leave China, Beijing had always been clear about its restrictions while Trump lacked a legal basis to bar TikTok.
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