ByteDance chose to close TikTok in the US rather than selling shares. China does not want its valuable algorithmic assets to be tampered with.
Please note that this article was automatically translated using Microsoft Azure AI, Open AI, and Google Translation AI. We cannot ensure that the entire content is translated accurately. If you spot any errors or inconsistencies, contact us atProtesters carried a poster with the words"Free TikTok" in front of Donald Trump's court hearing on April 15, 2024, in New York, USA.
Congress members and US government officials have stated that Tiktok is a threat to US national security as long as the social media is controlled or linked to ByteDance. They accuse the Tiktok platform of being exploited to gather data and spy on the US, as well as becoming a channel for spreading US propaganda.
In addition, separating Tiktok's algorithm from its assets in the US would be a complicated procedure. For this reason, ByteDance will not choose that route. ByteDance also does not want to sell one of its most valuable assets, namely Tiktok's algorithm, to its competitors.The picture taken on April 7, 2024 shows course participants learning how to sell products on Tiktok. The course is organized by Mede Education Technology's in Guangzhou, China.
However, the Chinese Ministry of Commerce had already confirmed at the end of March 2023 that China will not sell Tiktok. The sale or divestment of Tiktok involves the export of technology and must go through administrative licensing procedures in accordance with Chinese law. Former US Treasury Secretary Steven Mnuchin will form an investor group to try to buy Tiktok. However, it may be difficult to do so if the algorithm is not included in the sale. ByteDance, supported by Sequoia Capital, Susquehanna International Group, KKR & Co, and General Atlantic, was valued at around 268 billion US dollars in December 2023.There are two parties that benefit the most from the banning of Tiktok, namely Meta and Google.
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
ByteDance Ogah Jual TikTok ke AS, Pilih Tutup Aplikasi!Induk perusahaan lebih memilih TikTok ditutup di AS daripada menjualnya ke investor AS.
Baca lebih lajut »
Alami Kerugian, Bytedance Akan Menutup Tiktok di AS Daripada MenjualnyaByteDance mengatakan pada Kamis malam dalam sebuah pernyataan yang diposting di Toutiao, platform media yang dimilikinya.
Baca lebih lajut »
ByteDance Pilih Tiktok Mati di AS daripada Harus Jual SahamByteDance pilih tutup Tiktok di AS ketimbang harus jual saham. China tak rela aset berharga algoritmanya diutak-atik.
Baca lebih lajut »
China Tertekan, TikTok Diwajibkan Lepas ke Tangan ASAS makin kencang meminta ByteDance divestasi TikTok. Simak!
Baca lebih lajut »
AS Semakin Dekat Melarang TiktokTiktok diberi waktu sembilan bulan melepaskan diri dari ByteDance atau diblokir dari AS.
Baca lebih lajut »
US Moves Closer to Banning TikTokTikTok was given nine months to divest from ByteDance or be blocked from the US.
Baca lebih lajut »