World-popular short video streaming application, TikTok's mother country, China, reportedly disregards fierce US competition and ban in the country, despite the nearing September 15 deadline for continued operations to American soil. China prefers the application's shutdown rather than a sale over US companies.
China is not looking back and portrays no remorse or regrets over a new statement that prefers the US' ban on TikTok. China looks out for Beijing-based company, ByteDance, and does not want the app developers to suffer on forced sale to American companies with Microsoft and Oracle.
According to Reuters, three Chinese officials who wish to remain anonymous have direct knowledge of China's decision and opinion regarding the TikTok-US deal. The East Asian giant prefers to impose a 'mighty image' and not 'crumble' to Washington's executive order. ByteDance's forced sale to US companies will allegedly make the app developer and China look weak in the eyes of the Americans, according to sources.
Despite this turn of events in China's decision on TikTok's sale, ByteDance is reportedly not advised by its government to shut down the application, TikTok, in the US or any other markets. The report also says that two of these Chinese officials confirm that China will use any means necessary to delay the deal reached by ByteDance.
China's technology export list dated August 28 contains ByteDance's TikTok algorithms are included in the said list and are utilized to give the Chinese government stakes in the US-TikTok deal. The plan was altered in the last week of August, showing distaste on President Trump's executive order against ByteDance and TikTok.
US-TikTok China Dispute: Is this the end of TikTok in the Country?
NEW YORK, NEW YORK - AUGUST 03: In this photo illustration, a mobile phone featuring the TikTok app is displayed next to the American flag on August 03, 2020 in New York City. Under threat of a U.S. ban on the popular social media app, it has been reported that Microsoft is considering taking over from Chinese firm ByteDance. (Photo Illustration by Cindy Ord/Getty Images)
POTUS Trump threatened a ban against the application but soon changed his decision to letting TikTok's operations remain provided that an American company buys it.
Recent news even presented that several Chinese regulations may slow down the US-TikTok deals beyond the September 15 deadline. The Chinese law asks that the deal's paperwork and agreement go under strict review before being passed along to the company.
Technical and Financial issues will be the primary concern of the review that the Chinese government will focus on. ByteDance, LLC., has no say whatsoever with its government's decision and how it affects the deals that are currently taking place.
TikTok's Haven-Singapore is the Future of App's Global Expansion
WASHINGTON, DC - AUGUST 07: In this photo illustration, the TikTok app is displayed on an Apple iPhone on August 7, 2020 in Washington, DC. On Thursday evening, President Donald Trump signed an executive order that bans any transactions between the parent company of TikTok, ByteDance, and U.S. citizens due to national security reasons. The president signed a separate executive order banning transactions with China-based tech company Tencent, which owns the app WeChat. Both orders are set to take effect in 45 days. (Photo Illustration by Drew Angerer/Getty Images)
ByteDance and TikTok are reportedly moving forward with its Global Expansion and right in the crosshairs: Singapore. The Chinese application's new focus is moving on to a new headquarters located in the 55-year-old country known for its advancement and order.
Singapore already received a billion-dollar proposal from ByteDance and TikTok for a digital bank license request and its operation's headquarters for the Asian market. Despite the US government's dispute, ByteDance still makes this bold move and proceeds to move forward with the application's growth.
ByteDance aims to open up and employ more than 200 employees for its SG headquarters for three years.
