A potential shotgun wedding to Microsoft Corp for TikTok's U.S. operations provoked an outcry on Chinese social media as well as criticism from a ...
BEIJING/HONG KONG: A potential shotgun wedding to Microsoft Corp for TikTok's U.S. operations provoked an outcry on Chinese social media as well as criticism from a prominent Chinese investor in TikTok owner ByteDance.
ByteDance has not publicly confirmed the sale talks. But in an internal letter to staff on Monday seen by Reuters, the company's founder and CEO Zhang Yiming said the firm had started talks with a tech company it did not identify to clear the way"for us to continue offering the TikTok app in the U.S."
"It absolutely makes no sense. Bytedance is an innocent victim of the mad politics and mad geopolitics. It is a sad outcome for Bytedance, for entrepreneurial capitalism, and for the future of global commerce," he said. Zhang's letter to staff also said ByteDance did not agree with the stance taken by the Committee on Foreign Investment in the United States , which scrutinizes deals for national security risks, that it must fully divest TikTok's U.S. operations.
The topic"ByteDance has agreed to divest TikTok's U.S. operations" was one of the most discussed subjects on China's Twitter-like Weibo platform on Monday, with over 920 million views.
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