
In the latest dramatic turn of events surrounding the long-awaited TikTok US deal with a non-Chinese buyer, China has made conditional the sale of the Chinese short video platform.
China has clarified on Wednesday that any deal involving TikTok sale should comply with the Chinese laws, according to Reuters.
The development follows US President Donald Trump extending the deadline for the sale of the platform's US-based operations by 75 days.
Trump’s decision came after reports indicated that a proposed agreement to spin off TikTok’s US operations was stalled.
Following Trump’s announcement of heavy tariffs, China signalled it would likely reject the deal.
Responding to the deadline extension, a spokesperson for China’s Ministry of Commerce stated that Beijing opposes actions that compromise market economy principles, opt for coercion, and undermine the legitimate rights and interests of businesses.
“The specific business arrangements must comply with Chinese law,” the spokesperson added, outlining that any export of technology is tied to government approval.
This rule has added complexity to the sale of TikTok’s US assets, particularly given Washington’s national security concerns over the app’s data practices and ownership structure.