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TikTok and its 'secret sauce' caught in US-China tussle

Economic Times

Economic Times · 1y ago

TikTok and its 'secret sauce' caught in US-China tussle

As the US continues its campaign to force TikTok to sever ties with its Chinese parent company, Beijing has made it clear that it will not allow the forced sale of the app and its algorithm. Analysts suggest that China fears setting a precedent where a Chinese company is compelled to sell its most valuable assets. The algorithm, seen as the "secret sauce" behind TikTok's success, has been a focal point in discussions surrounding a potential sale. Beijing considers the threat of a forced sale to be akin to "daylight robbery" and vows to protect its interests.

Related News

US Supreme Court to hear TikTok ban case

Economic Times

Economic Times · 7m ago

US Supreme Court to hear TikTok ban case

The US Supreme Court is set to hear TikTok’s appeal against a US law requiring its Chinese owner, ByteDance, to sell the app or face a ban. The law, signed by President Biden, alleges TikTok enables Beijing's data collection, which both China and ByteDance deny. TikTok argues the law violates its First Amendment rights. The potential ban may affect US-China relations, especially as President-elect Trump emerges as an unexpected ally of TikTok.

Elon Musk complains about China’s ban on X

Arstechnica

Arstechnica · 7m ago

Elon Musk complains about China’s ban on X

Elon Musk criticized China's ban on X, highlighting an imbalance in US-China tech relations, especially as TikTok faces a US ban. While opposing TikTok bans on free speech grounds, Musk pointed out the asymmetry where TikTok is allowed in the US, but X is not allowed in China. Chinese officials stated foreign companies are welcome if compliant with local laws. Musk’s remarks underscore potential conflicts between his business ties in China and his advisory role in the incoming US administration.

Trump Signals Willingness to Delay TikTok Ban Deadline Amid US-China Tariff Dispute

OutlookIndia

OutlookIndia · 3m ago

Trump Signals Willingness to Delay TikTok Ban Deadline Amid US-China Tariff Dispute

US President Donald Trump is considering extending the deadline for ByteDance to divest TikTok’s US assets, amid US-China tariff disputes. Trump postponed a TikTok ban twice, valuing its connection with young voters, and expressed interest in protecting the app. A potential US-based deal is hindered by China's non-approval, relating to reciprocal tariffs. TikTok denies allegations of security threats or manipulation, asserting its independence from any governmental influence, including China.

Why India is so far behind in the tussle for AI supremacy

Livemint

Livemint · 2m ago

Why India is so far behind in the tussle for AI supremacy

India faces significant challenges in achieving AI innovation and research parity with the US and China. Despite a surge in AI-focused startups, the country lags in patents and groundbreaking research, with only 5% of the patents filed by China. This shortfall is attributed to limited foundational engineering, research, and development (ER&D) investment. Consequently, India’s AI endeavors are often secondary innovations, lacking the global economic influence of primary, patentable technologies.

TikTok ban fallout: Marvel Snap goes offline amid ByteDance controversy | Mint

Livemint

Livemint · 7m ago

TikTok ban fallout: Marvel Snap goes offline amid ByteDance controversy | Mint

Marvel Snap, a beloved digital card game, is unexpectedly caught in the US ban on ByteDance-owned apps, including TikTok. Despite ByteDance previously divesting from its gaming subsidiary, it remains linked to Marvel Snap as its publisher. Players are met with notifications that the game is currently unavailable in the US due to a new law. The situation leaves fans puzzled and concerned about their financial investments in the game, highlighting wider repercussions of the ban.

Trump ex-Treasury chief seeks TikTok buyout bid as China seethes

Economic Times

Economic Times · 1y ago

Trump ex-Treasury chief seeks TikTok buyout bid as China seethes

Former US Treasury Secretary, Steve Mnuchin, has announced plans to lead a buyout bid for TikTok once a bill forcing the sale of the Chinese-owned social media app passes. The US House of Representatives has already approved the bill, which would require TikTok to divest from its parent company or face a nationwide ban. Mnuchin stated that TikTok should be owned by US businesses, as he believes the Chinese government would not allow a similar scenario in China. Beijing, however, criticized the bill and vowed to protect its rights and interests.

"Something needs to change": Elon Musk questions X's ban in China after TikTok ban reversal

Economic Times

Economic Times · 7m ago

"Something needs to change": Elon Musk questions X's ban in China after TikTok ban reversal

Tesla CEO Elon Musk praised President-elect Trump’s decision not to ban TikTok, citing freedom of speech. He noted the imbalance that TikTok operates in the US while X is banned in China, calling for change. Despite a potential benefit to X, Musk opposed TikTok's US ban. Trump agreed to approve TikTok if the US owns 50% to save American jobs. The Chinese app thanked Trump for restoring US access, attributing positive outcomes to the "Trump Effect."

US lawmakers tell Apple, Google to be ready to remove TikTok from app stores on January 19

Economic Times

Economic Times · 8m ago

US lawmakers tell Apple, Google to be ready to remove TikTok from app stores on January 19

The chair and top Democrat of a US House committee on China have demanded that Google-parent Alphabet and Apple prepare to remove TikTok from their US app stores by January 19th. This comes after a federal appeals court upheld a law requiring TikTok's Chinese owner, ByteDance, to sell its US operations or face a ban. Representative John Moolenaar and representative Raja Krishnamoorthi have separately urged TikTok CEO Shou Zi Chew to divest the short video app, citing national security concerns. They called for TikTok to execute a qualified divestiture immediately.

AppLovin bids for TikTok in all markets outside of China

Economic Times

Economic Times · 4m ago

AppLovin bids for TikTok in all markets outside of China

AppLovin has submitted a bid for TikTok assets outside China before the April 5 deadline set by the US for a non-Chinese buyer. With interest in TikTok's US operations increasing, several companies, including Amazon and a consortium led by OnlyFans' founder, have shown interest. While AppLovin aims to expand its global advertising reach, regulatory and geopolitical challenges remain. TikTok's ties to China have raised US security concerns, impacting the ongoing sale discussions.

A TikTok Ban May Be Easier in Theory

Livemint

Livemint · 1y ago

A TikTok Ban May Be Easier in Theory

The potential ban or forced sale of TikTok in the US is facing various challenges, both practical and legal. A new House bill seeking to fast-track the ban has caught the short-video platform off guard. Legal questions surrounding the ban have been raised, citing concerns over the violation of the First Amendment and anti-Chinese sentiment. Moreover, implementing a ban would require intrusive regulations and could have significant political implications, especially ahead of a presidential election. A forced sale of TikTok may be a preferable solution for the US, but this too presents challenges as Beijing opposes any such move.

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