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On the 23rd (local time), Chinese state media called out US ‘gangsters’ in connection with the sale of TikTok, a Chinese video app, and said: “There is no need for China to approve dirty and unfair negotiations.” . This is in contrast to Chinese President Xi Jinping’s criticism of the United States in his speech at the UN General Assembly the day before.
The China Daily, run by the Chinese state, said in an editorial that US tech company Oracle and retailer Wal-Mart discussed ongoing negotiations with TikTok’s parent company Byte Dance, “China has no reason to approve dirty and unfair transactions based on harassment and extortion “. He insisted. “What the United States did to TikTok is almost like a gangster forcing a legitimate company to do business unreasonably and unfairly.”
Unlike the harsh criticism of the United States by state media, President Xi Jinping did not directly criticize the United States at the UN General Assembly the day before. President Xi said, “All attempts to politicize (the crown issue) or stigmatize the issue must be rejected,” as if taking into account the comments of US President Donald Trump, who attacked China head-on for the theory of the responsibility of the crown. President Xi also said: “To deal with the crown crisis, countries around the world must strengthen solidarity and the World Health Organization (WHO) must play a leading role,” “(China) has no intention to participate in a Cold War with no country. ” did. While China delivered a somewhat primary critical message to the United States through state media, the normal message on the international stage was to adjust the level of offense.
Meanwhile, the TikTok merger and acquisition negotiations, which are known to be drawing to a close, are in a situation where the parties are in conflict over the governance structure. Bytedance said it would have an 80% stake in TikTok Global, which will be established, but Oracle faced that US investors should secure a majority stake and have substantial ownership. Here, US President Donald Trump said: “If Oracle does not have full control (over TikTok Global), we (the US government) will not approve the transaction.”
