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,…
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