China’s new tech export controls could give Beijing a say in TikTok saleworldUpdated: Aug 30, 2020 12:29 ISTChina’s new rules around tech exports mean ByteDance’s sale of TikTok’s US operations could need Beijing’s approval, a Chinese trade expert told state media, a requirement that would complicate the forced and politically charged divestment. Microsoft Corp and Oracle Corp are among the suitors for the assets, which also includes TikTok’s Canada, New Zealand and Australia operations. “If ByteDance plans to export related technologies, it should go through the licensing procedures,” Cui said in an interview with Xinhua published on Saturday. It can take up to 30 days to obtain preliminary approval to export the technology. China’s foreign ministry has said that it opposes the executive orders Trump has placed on TikTok and that Beijing will defend the legitimate rights and interests of Chinese businesses.

Source: Hindustan Times August 30, 2020 07:00 UTC