ByteDance is fighting the legislation by appealing to freedom of speech, but Chinese officials are already discussing alternative scenarios.
Chinese officials are considering the option of moving TikTok to the United States under the control of Elon Musk if the company cannot avoid a ban on the application. The US Supreme Court has stood by upholding the strict law, while ByteDance is still fighting to maintain control of the platform. Bloomberg reported this on Tuesday, January 14.
China seeks to keep TikTok under the control of parent company ByteDance Ltd., but US laws could force the company to make radical changes. Chinese government officials are investigating the possibility of moving TikTok to the United States under Musk’s control.
ByteDance is fighting the legislation by appealing to freedom of speech, but Chinese officials are already discussing alternative scenarios. One of them suggests that Musk X’s company will have control over TikTok in the US, which could strengthen its position in the advertising market.
However, negotiations are at an early stage and no final decision has been made yet. The sale may face difficulties due to China’s export rules that prohibit the transfer of artificial intelligence algorithms.
As reported, the Chinese company ByteDance lost a legal appeal, which, under the threat of blocking, forced it to sell the application until January next year. Therefore, TikTok will be banned in the US under federal law unless ByteDance sells the app to a US owner by mid-January.
Recall that Trump opposed the ban on TikTok because, as he said, he received billions of views on this platform during his presidential campaign.
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Source: korrespondent
I’m Liza Grey, an experienced news writer and author at the Buna Times. I specialize in writing about economic issues, with a focus on uncovering stories that have a positive impact on society. With over seven years of experience in the news industry, I am highly knowledgeable about current events and the ways in which they affect our daily lives.