TikTok

Chinese State Media Call TikTok Deal ‘Highway Robbery’

Last week, Chinese Communist state media were hailing a prospective deal between Chinese company ByteDance, Oracle, and Walmart for control of the TikTok social media platform as a huge win for ByteDance and China, and a crushing defeat for President Donald Trump — The terms…

Judge Orders Federal Government to Defend TikTok Ban by Friday Afternoon

ByteDance, the Chinese parent company of video-sharing app TikTok, has requested a temporary block on a ban of the app by the Trump administration. A U.S. judge has now ordered the federal government to defend the ban on Friday afternoon, or delay the blacklisting scheduled…

Report: AG Barr Not Sold on TikTok Deal

A recent report states that Attorney General William Barr remains unconvinced that a  recently announced partnership between the Chinese-owned social media app TikTok and U.S. companies Oracle and Walmart will safeguard user data from Chinese spying. 0…

Huawei Cuts $100 Million of Investment Following Australian Government’s 5G Ban

Huawei has cut $100 million of proposed research and development, as well as 1,000 jobs, in response to being banned from developing Australia’s 5G network in 2018 over national security concerns. Jeremy Mitchell, Huawei Australia’s chief corporate affairs officer, said the company had cut a…

5 Key Facts on the TikTok Global Deal

The Chinese-owned video-sharing app TikTok recently laid out a partnership with U.S. companies Oracle and Walmart in a deal that has delayed the banning of the app for American users — here are five key facts about the deal currently pending government approval. 0…

AI, 5G, and How Algorithms Could Cost You More Than Your Money

News Analysis Data is today’s oil, and China is today’s Saudi Arabia, Chinese artificial intelligence (AI) expert Kai-fu Lee said in 2018. In commercial terms, the beneficiaries of all this data are Baidu, Alibaba, and Tencent—China’s equivalents of Google, Amazon, and Facebook—who feed it into…

Trump’s tick is louder than his tock

Art imitates life, but the ongoing tussle over TikTok’s ownership has begun to resemble the goofy sketches that made TikTok the most downloaded app in history. A compromise solution reportedly crafted by US Treasury Secretary Steven Mnuchin proposes cross-ownership so complicated that it’s impossible to…

State Media: Tech Companies Going Abroad Are ‘Spreading China’s Influence’

Several of China’s top tech companies — including TikTok owner ByteDance, telecom giant Huawei, and Alibaba — have recently chosen to expand their business ventures to Singapore as part of China’s economic plan for “global expansion,” the Chinese Communist Party (CCP) mouthpiece Global Times reported…

Trump vows to not let China keep control of TikTok

A deal to restructure ownership of the popular video app TikTok was thrown into doubt Monday when President Donald Trump vowed to block any deal that allows its Chinese parent firm to retain any control. The comments raised fresh concerns over a weekend deal that…

NTD Business Full Broadcast (Sept. 21)

Uncovered documents show the world’s biggest banks may be laundering money for criminals and terrorists. The department of justice says three cities are allowing anarchy, violence, and destruction of property. The designation could effect their federal funding. The 2020 fundraising race is at full swing,…

Chinese State Media Declare Victory on TikTok over Oracle, Walmart Deal

Chinese state media trumpeted this weekend’s tentative deal between China’s ByteDance and U.S. companies Oracle and Walmart for control over the social media platform TikTok as a major victory for the Chinese firm against “U.S. hegemonic suppression.” 0…

Trump Approves TikTok Deal that Maintains Chinese Ownership

President Trump has approved a deal that would create a partnership between the Chinese app TikTok and Oracle and Walmart to manage TikTok’s operation in America. TikTok’s Chinese parent, ByteDance, will own a majority share of the company and maintain ownership of TikTok’s all-important algorithms. …

TikTok Staves Off Ban After Trump Gives Nod to Partnership Deal

President Donald Trump approved a partnership deal in principle that would allow TikTok to operate in the United States, even though it appeared to conflict with his initial order for China’s ByteDance to divest the video app. “I have given the deal my blessing,” Trump…

Last-minute TikTok deal averts shutdown

President Donald Trump said Saturday he had approved a deal allowing Silicon Valley giant Oracle to become the data partner for TikTok to prevent a shutdown of the massively popular Chinese-owned video app that Washington has called a security risk. The deal, announced by the…

Trump Approves ‘In Concept’ Oracle, Walmart Deal With Bytedance For TikTok

President Donald Trump has given his approval “in concept” to a deal being discussed between American companies Oracle and Walmart with China-based company Bytedance for ownership of TikTok. “We have some very big news on TikTok, TikTok is moving along,” the president told reporters before…

China retaliates against US sanctions

China said Saturday it had officially implemented a mechanism enabling it to restrict foreign entities, a much-anticipated move seen as a reprisal against US penalties imposed on Chinese companies such as telecom giant Huawei. An announcement by the Ministry of Commerce – a day after…

China in Focus: US to Ban Access to WeChat, TikTok

The U.S. is set to ban TikTok and WeChat this Sunday. And if other Chinese-based apps raise the same national security concerns, they will face the same fate. U.S. sanctions not only hit Huawei’s mobile phone production hard, but are likely affecting Chinese passenger plane…

Chinese State Media: ‘Defiant’ TikTok Refuses to Sell Operations

China’s state-run Global Times on Thursday praised “defiant” ByteDance, parent company of the video microblogging platform TikTok, for refusing to sell full control of the platform to an American company to avoid getting banned by the Trump administration. 0…

NTD Business Full Broadcast (Sept. 18)

The U.S. will block Americans from using Chinese apps WeChat and TikTok from Sunday midnight, citing national security concerns. American farmers will get another $13 billion in aid. It’s part of the federal government’s efforts to prop up the industry. Markets are down today and…

Report: President Trump to Block U.S. Downloads of TikTok by Sunday

A recent report by Reuters claims that the U.S. Commerce Department plans to block downloads of the Chinese-owned apps TikTok and WeChat in the United States by Sunday, September 20. This claim, made by three sources, could indicate the Trump White House is not satisfied…

Trump Administration Banning Access to Chinese Apps WeChat and TikTok

President Donald Trump’s administration will block Americans from accessing China-based applications WeChat and TikTok, citing national security concerns. WeChat will be banned starting Sept. 20, while TikTok will be banned as of Nov. 12, the Commerce Department announced. President Donald Trump on Aug. 6 issued…

When ‘WeChat,’ the CCP Listens 

Commentary Disney’s remake of “Mulan” drew waves of criticism for filming near the Chinese Communist Party’s (CCP) mass internment camps for Uyghur Muslims in Xinjiang, a region in China’s far west. There, under increasing surveillance and repression, the predominantly Muslim, Turkic-speaking ethnic minority struggles to…

President Trump: ‘Not Prepared to Sign Off’ on TikTok Deal Yet

President Donald Trump stated during a press conference that he is not prepared to sign off on a recently announced partnership between Silicon Valley giant Oracle and the Chinese-owned app TikTok until national security concerns are completely alleviated. 0…

Upcoming US WeChat ‘Ban’ Won’t Target Its Users

NEW YORK—A looming U.S. ban on the Chinese app WeChat won’t target people who use the app to communicate, according to a government court filing Wednesday. President Donald Trump issued orders on Aug. 6 that targeted WeChat and TikTok as national-security threats and imposed a…

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