Business
TikTok US sale faces fresh hurdle after China tightens tech export rules – The Guardian
Beijing says some exports will now need government approval in move believed to be linked to Trump sale order
New Chinese government restrictions could complicate ByteDance plans to sell TikTok to a US company and avoid a ban threatened by Donald Trump.
Late on Friday, Beijing issued new restrictions or bans on tech exports, requiring companies to seek government approval a process that can take up to 30 days. In mid-August, Trump gave the company 90 days to sell up or face a shutdown.
The rules, which hadnt been updated since 2008, are believed to be aimed at delaying the sale of TikTok to US buyers,…
-
Noosa News23 hours agoHow Lily Steele-Park took her rapist to court and won
-
Noosa News23 hours agoE-biker charged with riding dangerously, assaulting cop
-
Business16 hours agoWhy Vault Minerals, Droneshield, Westgold Resources shares are climbing higher today
-
General22 hours agoBrick portico a relic of ‘prestigious’ Horton College in northern midlands