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Showing posts with the label Tik Tok

China-US Trade Wars Tech Impact

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Trump Gives China Based Tik Tok 90 days to Divest US Asset Source:  Global Trade Image  Source:  White House  Intensifying US-China Trade War Impacting Huge China Tech  This weekend, President Trump considerably increased the pressure in his trade war with China.  He gave ByteDance, the China-based owner of the short-video app global giant Tik Tok, 90 days to sell or spin off its US assets or be banned from doing business in the US. He cited national security concerns. Tik Tok is used by 100 million Americans. He also has banned transactions with Tencent's WeChat, within 45 days in the US. WeChat has 1.2 billion users globally. Alibaba in the Cross-hairs Now, Trump also indicated that he's ready to expand pressure on other China based tech giants like Alibaba from doing business in the US. Trump's rationale is a grave concern for national security and the safety of Americans' personal data on China based social media and technology products.  The Chinese government can