China will not sell TikTok to Americans

News

China will not sell TikTok to Americans

24.09.2020 News

Beijing believes that the terms of the agreement of selling the US division of TikTok to Oracle and Walmart threaten China’s national security. According to Reuters, referring to the Chinese the Global Times, Beijing will not accept such conditions.

At the same time, there has been no official government statement on the issue yet.

The Global Times is considered to be affiliated with the ruling Communist Party. Chief editor Hu Sytszin wrote that the terms of the agreement are unfair and added that the deal would not be approved by Beijing. His tweet drew attention Incrussia.

Under the terms of the deal, the American division of TikTok will be bought by Oracle and Walmart, while Chinese ByteDance, which owns the social network, will retain 80 percent of the shares.

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