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China tightens tech export controls potentially jeopardizing TikTok deal, reports say
An updated export rule from China could jeopardize the sale of TikTok’s U.S. operations, according to reports published Saturday in The Wall Street Journal and The New York Times. According to the reports, China updated its export control rules to incorporate technology that could include TikTok, a claim later reasserted by commentary published in China’s state-controlled Xinhua news agency on Saturday. Cui Fan, a professor of international trade in Beijing, told Xinhua that ByteDance would probably have to get approval from the Chinese government and suggested the company may have to suspend negotiations on ... (full story)
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