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Without China’s Agreement, TikTok Assets Cannot Be Sold

By ET Bureau - August 31, 2020 1 Mins Read

Without Chinas Agreement_ TikTok Assets Cannot Be Sold

ByteDance is required to seek approval from the Chinese government to sell the short-video app’s US operations, TikTok. Under the new restrictions that China imposed over the export of advanced technology and artificial intelligence, indicated a government official.

There were some additions to the export-control products revised list, and those have been published to the Ministry of Commerce website. This includes AI interface technologies – like the text and speech recognition, tools that analyze data for creating personalized content recommendations, and more. As a result, government permits are mandatory for overseas transfers, to protect national economic security.



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