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New Chinese regulations could complicate TikTok sale

The New York Times 08/29/2020

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.

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