April 16, 2024
It is reported that the Chinese technology company ByteDance is evaluating to sell its majority share to American investors at TikTok.
USA According to media reports, the US government TikTokIt is stated that it has come to the agenda after it announced that it plans to ban Chinese social media applications.
In this context, it was noted that ByteDance was discussing with some US investors to sell its majority stake in TikTok.
While there has not been a decision on the subject yet, it is stated that California-based venture company Sequoia Capital and New York-based General Atlantic are among the US investors who are considering buying majority shares at TikTok.
It was stated that the talks were just in the beginning phase, while ByteDance’s Senior Manager Zhang Yiming was not against such a sale.
PREPARATION TO PROHIBIT TIKTOK AND OTHER CHINA SOCIAL MEDIA APPLICATIONS FROM THE USA
US Secretary of State Mike Pompeo announced in early July that they plan to ban Chinese social media practices, including the TikTok application by the Chinese technology company ByteDance.
TikTok, which has 800 million active users across the US and worldwide, is claimed to have reported its users’ personal information to the Chinese administration.
Many American experts say the firm poses a threat to US national security.

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