New Chinese regulations could complicate TikTok sale
August 31, 2020
The Chinese government has raised a potential hurdle that may keep ByteDance from selling its TikTok video app platform’s business in North America and elsewhere. New export rules adopted by Beijing would require ByteDance to acquire a license to sell the units. “At a minimum they’re [Chinese government] flexing their muscles and saying, ‘We get a say in this and we’re not going to be bystanders,’” said Scott Kennedy, a senior adviser at the Center for Strategic and International Studies.
Recent News
European Commission Readies All Trade Tools Against China
European Commission President Ursula von der Leyen emphasized the EU’s readiness to utilize all available trade tools to safeguard its economies amidst concerns over China’s market practices.
Steward Health Care Files for Bankruptcy Protection
Steward Health Care’s plunge into bankruptcy protection has stirred considerable attention and concern.
Tyson Foods Faces Challenges Amidst Rising Inflation
Tyson Foods Inc. recently saw a significant drop in its shares due to ongoing inflation impacting consumer demand.
Special Offers for National Nurses Week
Nurses play a vital role in healthcare, and their dedication often goes unnoticed. National Nurses Week, spanning from May 6 to 12, aims to acknowledge their hard work.