Beijing opposes a forced sale of TikTok's U.S. operations by its Chinese owner ByteDance, and would prefer to see the short video app shut down in the United States, three people with direct knowledge of the matter told Reuters exclusively on Friday.
Ahead of a looming mid-September deadline forcing the sale of TikTok's business in the U.S. , Chinese officials say they would rather see the popular short-form video app go dark in the U.S. than be forced into a sale, sources with direct knowledge of the matter told Reuters exclusively on Friday.
Parent company ByteDance has been in talks to sell TikTok's U.S. operations to potential buyers, including a joint bid from Microsoft and Walmart and a separate offer from Oracle.
The thinking inside the Chinese government, according to sources, is that a forced sale would make both ByteDance and China appear weak in the face of pressure from Washington.
China is willing to use revisions it made to a technology exports list issued last month to delay any deal - if it had to - according to sources who spoke on the condition of anonymity given the sensitivity of the situation.
ByteDance said in a statement to Reuters that the Chinese government had never suggested to it that it should shut down TikTok in the United States or in any other markets.
State officials in Beijing did not immediately respond to requests for comment.
[NFA] U.S. President Donald Trump said on Saturday he supported a deal in principle that would allow TikTok to continue to operate in the United States, even as it appeared to conflict with his earlier order for China's ByteDance to divest the video app. Emer McCarthy reports.
Although the clock is ticking, pardon the pun, TikTok is not going down without a fight. Per Bloomberg and Reuters, the video-sharing app and its Chinese parent company, Bytedance, filed a complaint in a Washington federal court on Friday aiming to block the Trump administration’s upcoming ban, which is set to take effect on Sept. 20. The ban, announced by the Commerce Department earlier that day, will prevent any new downloads or updates to the app in the U.S.
A grandmother has started a TikTok dance craze to encourage young people topractise social distancing. Margaret Hansard, 78, is staging what she calls a"nantervention" by trying to spread the message that young people who do notfollow the guidelines could be at risk of passing the coronavirus on to theirgrandparents. In the video, posted on her granddaughter Lucy's TikTok account,Mrs Hansard is seen performing actions to the song Supalonely by Benee, whilecaptions read: "I'm staging a Nantervention to get Hertfordshire's grandkidsto socialise safely... And protect your nans!"
Credit: PA - Press Association STUDIO Duration: 00:59Published
Hundreds of people participated in an anti-China protest in Canada’s Vancouver over atrocities against Uyghurs. The protestors marched from Vancouver Art Gallery to the Chinese consulate office in Vancouver. Over 500 people participated in the protest raising anti-china slogans. Around seven human rights groups joined hands to express solidarity. Uyghurs are a Muslim minority group in China's northwest Xinjiang province. China has been accused of confining Uyghurs in concentration camps. Uyghurs have also accused Beijing of directing genocide of the community. Watch the full video for more.
Credit: HT Digital Content Duration: 02:09Published
Demonstrations condemning Chinese atrocities on ethnic Uyghurs were held in Canadian city Vancouver. Shouting anti-China slogans, protesters carried a march till Chinese embassy. Seven human rights groups expressed solidarity with minority ethnic group. They said that Beijing has been systematically cleansing north-western Xinxiang of its natives. Millions of Uyghurs have been arrested and sent to concentration camps. Left with no parents, children have been picked and admitted to state-run orphanages, where the curriculum is strictly in line Chinese agenda of destroying 'Uyghur ethnicity'. The Turkic speaking minority is going through a humanitarian crisis. China has trampled upon their rights, religious freedom. Historical places of worship, education have been demolished. Residential neighbourhoods have been replaced with Beijing-approved architecture. Excessive restrictions have been imposed on their movement, practice of culture, nature of employment. Brute highhandedness is exercised to change their political, ideological, religious beliefs. The instructions for Uyghurs are simple if they want to live in China, they will have to live Chinese way.
The consumer will continue to hang on, Crossmark Global Investments' Victoria Fernandez told Reuters business correspondent Conway G. Gittens, and so she's trimming her mega-tech holdings to buy consumer-focused names such as Walmart, Visa and spice company McCormick.
Hi! Welcome to the Insider Advertising daily for September 22. I'm Lauren Johnson, a senior advertising reporter at Business Insider. Subscribe here to get this newsletter in your inbox every weekday. Send me feedback or tips at [email protected] Today's news: Walmart and Instacart chip away at Amazon's ad dominance, Quibi mulls a sale, and Suzy raises $34 million.
Prime Minister Narendra Modi attended inaugural function of Grand Challenges Annual Meeting 2020 via video-conferencing on October 18. Microsoft founder Bill Gates also interacted with PM Modi during the meet. During the virtual meeting, PM Modi said, "This meeting was to be held physically in India but in changed circumstances, it is being held virtually. Such is the power of technology that a global pandemic did not keep us apart. The future will be shaped by societies that invest in science and innovation. But, this cannot be done in a short-sighted manner. One has to invest in science and innovation well in advance. That is when we can reap benefits at the right time." He further said, "In India, we have a strong and vibrant scientific community. We also have good scientific institutions. They have been India's greatest assets, especially during the last few months, while fighting COVID-19. From containment to capacity building, they have achieved wonders. Today, we are seeing a decline in the number of cases per day and the growth rate of cases. India has one of the highest recovery rates of 88%. This happened because India was one of the first countries to adopt a flexible lockdown. India is now at forefront of vaccine development for COVID-19."
President Donald Trump said on Tuesday he had heard Oracle was very close to a deal over ByteDance's TikTok, even as sources say the Chinese company is seeking to keep majority ownership of the popular video app. Gloria Tso reports
Amid the ongoing India-China border tensions, A Chinese soldier who was caught by Indian forces in eastern Ladakh after he strayed across the Line of Actual Control, was handed back to China on Tuesday..