To avoid Ban, China could sell Tiktok to an American company
US company Sequoia and General Atlantica are likely to invest in Tiktok, although they have not commented on the deal.
Many leaders, including Donald Trump and Secretary of State Mike Pompeo, have spoken out against Tiktok.
The US is also planning to ban the Chinese mobile app company Tiktok, which has been banned in India. China is trying to make Ban not feel in America. It is being speculated that some American companies may be sold. Sequoia and General Atlantica are planning to buy it, according to the Financial Times. Talks are underway with the Treasury Department. The company is seeking information on whether the app will work in the US if it invests in Tiktok.
Tensions are rising between China and the US. It has affected the trade of both countries. America is talking about a threat to national security from Tiktok. Many leaders, including President Donald Trump and Secretary of State Mike Pompeo, have spoken out against Tiktok.
Tiktok may sell a stake in one more app of its own
According to a CNN report, Bait Dance is running the Digin app in China. Its branding and logo are like Tiktok. A portion of the app could be sold under a deal with an American company. Tiktok has not yet commented on the deal. However, a month ago, he spoke of a few changes. Neither of the two US companies has spoken out about the deal. The US government is also keeping an eye on it.
Tiktok’s parent company is keeping its distance from China
Tiktok management has been keeping a distance from Beijing for some months. In May alone, he named Disney-affiliated Kevin Meyer as his CEO. Its parent company Bite Dance has offices in Los Angeles, London, Paris, Berlin, Dubai, Mumbai, Singapore, Jakarta, Seoul, and Tokyo. The company talked about shifting its headquarters from Beijing to Washington. The company denied the allegations.