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| Trump issues orders to block deals by Tencent and Bitance |
On Thursday, US President Donald Trump issued a decree banning the United States from trading in Chinese technology companies Tencent and ByteDance.
Tencent owns WeChat, a Chinese messaging app, and BitDance is the headquarters of TikTok in Beijing, which is a popular app for sharing short videos. The ban will go into effect within 45 days and may be subject to retaliation from Beijing.
Although the scope of the ban is unclear, the executive order states that the Secretary of Commerce (Wilbur Ross) must "specify which transactions" will be restricted after 45 days. According to Reuters, the Chinese Foreign Ministry decided in a press conference on Friday that it strongly opposes the decree. Foreign Ministry spokesman Wang Wenbin added that Beijing will defend the legitimate rights and interests of Chinese companies.
In the decree banning WeChat, Trump said the app “automatically collects a large amount of information from its users,” adding that data collection may allow the Chinese Communist Party to access personal and private information. Adding that the app stole this information as well. The character of Chinese citizens visiting the United States.
In a decree banning TikTok, Trump said: This popular app "can also be used for fake propaganda activities for the benefit of the Chinese Communist Party." "The United States must take strict measures against TikTok owners to protect our national security," he added.
TikTok consistently denies the allegations. She said, US user data is stored in the same country as the backup and their data centers outside of China, which means that the information is not subject to Chinese law. However, experts pointed out that existing laws in China could compel local Chinese companies such as ByteDance to transfer data to Beijing.
Microsoft said Sunday it is in talks with ByteDance to acquire TikTok companies in the United States, Canada, Australia and New Zealand within three weeks of September 15th.
Tik Tok said in a statement that she was "shocked" by the decree, saying: "The order was issued without a trial." Over the past year, we have tried to contact the United States government in good faith to carry out construction work. A sexual solution to address the concerns raised. On the contrary, we are faced with the fact that the management has not made any loans. Paying attention to the facts, determining the terms of the agreement without going through the usual legal procedures, and trying to enter into negotiations between private companies. "