September 10, market sources said that TikTok’s parent company ByteDance was discussing possible plans with the US government to prevent TikTok’s popular short video application from selling all of its US business.
In this regard, ByteDance declined to comment.
Prior to this, ByteDance has been exploring various possibilities, including selling TikTok’s US business to Microsoft, Wal-Mart or Oracle .
However, China has issued new restrictions on the export of artificial intelligence technology, prompting Bytedance to suspend related actions and assess the possible impact of the new regulations on the sale, which makes the negotiation situation more complicated.
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