BUSINESS

China Checks In On TikTok Act

China appears to have complicated efforts to sell TikTok to an American company by introducing new rules that could allow Beijing to veto any potential deal.

The twist in the TikTok saga stems from notices published by the Chinese government recently, when officials revised rules that govern the sale of certain kinds of technology to foreign buyers.

The updated list includes data processing, speech, and text recognition.

China’s Ministry of Commerce and Ministry of Science and Technology said the changes were meant to formalize the management of technology export and protect national security.

Yvad Billings, Readers Bureau, Contributor

Edited by Jesus Chan

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