President Donald Trump on Friday gave the Chinese company ByteDance 90 days to divest itself of any assets used to support the popular TikTok app in the United States.
Any deal to sell TikTok to an American company must provide "total security" and "substantially" benefit the United States, President Donald Trump has said as he emphasised on the September 15 deadline for the popular Chinese social networking app to enter into an agreement with a US firm to continue its operations in the country.
China's ByteDance is in early talks with Mukesh Ambani's Reliance Industries Ltd for investment in its video-based app TikTok's business in India, according to TechCrunch. The report said the two companies began conversations late last month. However, they have not reached a deal yet.
The finding comes in the same month the US President issued an executive order, prohibiting transactions by any entity in the country with its Chinese owner within 45 days. TikTok was among the 59 apps that India banned in June
With TikTok being banned in India, there are a number of alternative apps that have been launched to fill in the void. Here's a look at some
ByteDance is preparing to escalate its legal and public relations battle against Trump's executive order to ban the app in the US. ByteDance declined to comment on the report.
The executive order issued by Trump on August 6 night said that data collected by TikTok threatens to allow the Chinese Communist Party to access personal and proprietary information of US citizens.
Twitter discussed a "potential combination" with China-based TikTok, currently facing immense political heat in the US, a new report has claimed.
President Donald Trump has ordered sweeping but vague ban on dealings with the Chinese owners of popular apps TikTok and WeChat, saying they are a threat to U.S. national security, foreign policy and the economy.
Amid uncertainties surrounding its business in the US, TikTok has launched an app on Amazon Fire TV devices, the media reported.
Trump issued another similarly-worded executive order against WeChat, a messaging, social media, and electronic payment application owned by the Chinese company Tencent Holdings Ltd.
Microsoft "is exploring whether it can add regions including India and Europe to the deal". Microsoft has been involved in the Chinese tech world for far longer than many rivals.
India banned TikTok and 58 other Chinese apps that harmed the security and privacy of the Indian users. The apps include CamScanner, Beauty Plus, Mi Community, UC Browser, and more.
US President Donald Trump has signed executive order for banning transactions with TikTok parent company ByteDance after 45 days.
The new feature is set to roll out to this fall in the US as well as Canada and Australia and soon to be made available in other markets
Microsoft is considering taking over the ByteDance-owned TikTok in the US, Canada, Australia, and New Zealand as confirmed by the company itself
ByteDance released the fresh statement as Microsoft made it official to acquire TikTok's business in the US, Canada, Australia and New Zealand markets following a discussion between CEO Satya Nadella and US President Donald Trump.
The official confirmation came after reports surfaced that Microsoft has halted its bid to buy the US operations of China-based TikTok after President Donald Trump vowed to ban the short-video making app that has over 80 million monthly users in the country.
Microsoft has said it will move quickly to pursue discussions with TikTok’s parent company, ByteDance, in a matter of weeks, and in any event completing these discussions no later than September 15, 2020. During this process, Microsoft looks forward to continuing dialogue with the United States Government, including with the President Trump.
US President Donald Trump told reporters that US government is thinking about imposing a ban on Chinese video-sharing application 'TikTok'.
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