Bloomberg Law
Aug. 31, 2020, 1:15 PM

China Throws a Wrench Into Trump’s Plan to Force TikTok Sale (2)

Zheping Huang
Zheping Huang
Bloomberg News
Colum Murphy
Colum Murphy
Bloomberg News
Kurt Wagner
Kurt Wagner
Bloomberg News

Zhang Yiming’s plan to sell the U.S. operations of his short-video app TikTok to avoid a shutdown was thrown into jeopardy after China asserted authority over a deal already under scrutiny by the Trump administration.

Beijing on Friday added uncertainty to already thorny negotiations over the sale of ByteDance Ltd.’s prized asset, claiming the ability to block a sale to foreign suitors Microsoft Corp. or Oracle Corp. with tighter restrictions on artificial intelligence exports. The commerce ministry added speech and text recognition and personalized recommendations to a list of products that require approval before they’re sold abroad.

These ...

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