Bloomberg Law
Free Newsletter Sign Up
Login
BROWSE
Bloomberg Law
Welcome
Login
Advanced Search Go
Free Newsletter Sign Up

ByteDance CEO Says Trump’s Real Goal Is to Kill Off TikTok

Aug. 4, 2020, 9:30 AM

A U.S. investigation into ByteDance Ltd.’s TikTok is really intended to smother a Chinese-owned app that’s become a sensation with Americans, founder Zhang Yiming told employees in China Tuesday.

In his second missive to the troops in as many days, the billionaire entrepreneur said a government probe into the company’s 2017 purchase of Musical.ly, -- TikTok’s progenitor -- was intended to spur a complete shutout. Escalating U.S.-China tensions had prompted American politicians to warn that the app posed a potential national security threat and call for an investigation into whether U.S. user data was being shared with Beijing, accusations that ...