In the statement, Bytedance attached screenshots of the Information’s report, which cited three people with knowledge of deliberations.
Under what is now US law, TikTok is forced to find a new owner within months or be banned from the United States entirely, its biggest market with 170 million users.
The Chinese government has previously said it strongly opposes a forced sale of TikTok, and has the legal ability to do so.
In particular, they worry that TikTok could share data with the Chinese government or manipulate content displayed on its platform.
But as a China-based company, ByteDance is subject to a myriad of national intelligence, data security and cybersecurity laws.
Persons:
Hong Kong CNN —, ByteDance, Joe Biden, Bytedance, TikTok, Shou Chew, ”
Organizations:
Hong Kong CNN, “, ByteDance, National Intelligence Law
Locations:
Hong Kong, Beijing, China, Israel, Ukraine, United States, India