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US extends TikTok sale deadline to Dec 4
Published on: 2020-11-26
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The US Treasury on Wednesday said it had extended by seven days the November 27 deadline given to the Chinese owner of TikTok to sell the popular social media platform's American business.

"The Committee on Foreign Investment in the United States (CFIUS) has granted ByteDance a one-week extension, from November 27, 2020 to December 4, 2020 to allow time to review a revised submission that the Committee recently received," a Treasury spokesperson said.

President Donald Trump's administration has expressed national security concerns over the app, claiming it could be used for Chinese espionage and threatening to ban it.

The ban has been challenged in courts, including a case in Washington and a separate filing by the app's "creators" in a Pennsylvania court, which blocked the ban on October 30, though the government is appealing that order.

The White House has said TikTok must become a US firm controlled by American investors to avert a ban.

But any plan would likely need approval from Beijing, which has balked at giving up control of its social media star.

China's commerce ministry published new rules in August that added "civilian use" to a list of the types of technology that are restricted for export, which could make it more difficult for ByteDance to sell TikTok, which features clips of everything from dance routines to politics.

A deal appeared to take shape earlier this year which would allow Silicon Valley giant Oracle to be the data partner for a newly incorporated TikTok Global, with Walmart joining as a commercial partner.

While Mr Trump signaled his approval for the plan, it has not been finalised and the prospects remain unclear.

The developments come amid heightened tensions between Washington and Beijing over trade and national security, with the US administration having also banned Chinese tech giant Huawei from obtaining US technology and from deals involving wireless networks.

再延7天

一份法律文书显示,特朗普政府当天同意将TikTok剥离在美业务的期限再次延长7天。在此之前,该行政令责令TikTok母公司字节跳动出售这款短视频App。此前,针对8月颁布的行政令,特朗普政府已给予字节跳动15天的延期,直至27日到期。TikTok方面表示,该行政令的最新期限为12月4日。在美国政府的压力下,字节跳动为敲定与沃尔玛和甲骨文的交易、将TikTok的美国资产转移到新的实体中,已经进行了数月的谈判。

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