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Tik Tok app logo. afp_tickers
This content was published on November 25, 2020 – July 21:36,
(AFP)
On Wednesday, the US administration granted the Chinese company “ByteDance”, which owns the “TikTok” application, an additional seven days until December 4 to sell its US assets to US companies on pain of banning the application in the US. largest economy in the world.
A spokesman for the United States Treasury told AFP that the Committee on Foreign Investment in the United States “granted ByteDance an extension of one week, from November 27, 2020 to December 4, 2020, to allow time to consider a proposal. revised that the committee recently received. ” Without further details.
This is not the first extension of the deadline granted to TikTok to transfer its activities in the United States to US companies, since the Trump administration had previously extended two weeks of the deadline it initially announced, which expired on the 13th of this month.
The White House is pressuring the Chinese company to sell its assets to US companies to distance itself from the application of the spying accusations to China made by the Trump administration.
On August 14, Trump signed an executive order forcing BiteDance to sell its US activities within 90 days, claiming it poses a threat to US national security due to its proximity to the government. Chinese, which the Chinese company denies.
However, the Foreign Investment Committee extended the term for this platform to two weeks, which is very popular, especially among teenagers, and has more than one hundred million users in the United States alone.
ByteDance and TikTok have offered to establish a new company that will carry out application activities in the United States, which includes the American IT group “Oracle” as a technology partner in the United States and the giant group “Walmatt” as a business partner.
Trump accepted this solution in principle on the condition that the two American companies own 20% of the new company, which is supposed to be based in the United States and undertake international activities for implementation.
However, fears quickly spread among Trump circles that this solution would place the new company under the dominance of the Chinese company.
The two sides are waging legal battles in the US courts.
TikTok has 700 users worldwide, including 100 million in the United States.
