Deals

TikTok Assets Can’t Be Sold Without China’s Approval

New rule aimed at delaying TikTok sale, person familiar said
Speech recognition, evaluation added to export control list

Watch: ByteDance Ltd. will be required to seek Chinese government approval to sell the U.S. operations of its short-video TikTok app under new restrictions Beijing imposed on the export of artificial intelligence technologies.(Source: Bloomberg)

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By Bloomberg News

August 30, 2020 at 5:47 AM UTC

Updated on

August 30, 2020 at 8:17 PM UTC

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ByteDance Ltd. will be required to seek Chinese government approval to sell the U.S. operations of its short-video TikTok app under new restrictions Beijing imposed on the export of artificial intelligence technologies, according to a person familiar with the matter.