Newspaper: China prefers to close the TikTok platform rather than forcibly sell it to American investors Newspaper: China prefers to close the TikTok platform rather than forcibly sell it to American investors

Newspaper: China prefers to close the TikTok platform rather than forcibly sell it to American investors

Newspaper: China prefers to close the TikTok platform rather than forcibly sell it to American investors

American media reports revealed that the authorities prefer to close the “Tik Tok” social networking platform in the United States rather than the option of forced selling it to American investors.
According to what the Wall Street Journal reported, citing sources, representatives of the Chinese authorities sent letters to the owner of TikTok, stating that the Chinese government “prefers to allow the application to be banned in the United States rather than sell it.”

The newspaper pointed out that the United States is the largest market for the “Tik Tok” social networking network, as there are about 170 million users of this platform.

She added that the selling price of the TikTok platform could exceed $100 billion in the United States.

Analysts say that the company's efforts to attract American companies and users to the social network may complicate the process of banning "Tik Tok" in the United States.

It should be noted that in February, the campaign headquarters of US President Joe Biden created an account on this social network.

Earlier, the official representative of the Chinese Ministry of Commerce, He Yadong, said that the Chinese authorities will take the necessary responsive measures regarding the United States’ intention to ban “Tik Tok.”

He Yadong stressed that Washington should stop "unreasonable pressure" on foreign companies and provide "an open, fair, equitable and non-discriminatory environment for companies from all countries that invest in and do business in the United States."

Last Wednesday, the US House of Representatives supported a draft law that could potentially ban the “Tik Tok” application, and lawmakers propose to give the Chinese operator “ByteDance” a six-month period to sell the social network, otherwise “Tik Tok” may be banned in the United States.

Congress also proposed introducing the same restrictive measures on any "adversary-controlled applications" in the future.

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