Byte Dance USA asked to China to sell data tik Tok

USA ask to China sale data tik Tok users Byte Dance

Microsoft confirming late yesterday it is now held talks with China's bytedance to acquire Tick Tock in the United States now Microsoft said it'll keep working with the US government on a deal, for it is reporting the President Trump giving the company's 45 days to work out a deal we want to get straight to Beijing right now where Eunice Yoon joins us with the latest from their Eunice what's, what's what's the take out in China on all of this because there's been a lot of back and forth here.

Well there's been several takes, but first update you on what bytedance said because it has been able to confirm a couple of developments of its own. In a letter today. That was verified by by dance, the founder of the company spoke to the staff confirming a couple of things, saying that a US review determined that by dance had to sell. Take toxic us operations that to the company was in talks with a quote certain technology company for a cooperation plan though it didn't name Microsoft or say exactly what that plan was. It also added that bytedance is still exploring other possibilities so it's not a done deal yet. And there have been also plenty of reports out here that bytedance actually preferred an independent spin off. So, the company has also issued a statement, and it believes that it's a victim of a very intense political environment. Also, underhanded tactics by Facebook, its chief rival, in the US, the Chinese government today also weighed in as you'd expect, saying that it opposes any us action that discriminates against Chinese companies, of course, China has been accused and does block a discriminate against a lot of American technology companies but what I think was interesting is the reaction on social media, because, unlike with telecoms giant Huawei where we saw an upswell of nationalism around the company. The, the attack the reaction towards bytedance a situation is very very different people have been calling the founder a traitor attacking him because he has in the past praised America a lot for its values for its resilience. And so, now people are asking, well, well, how do you feel now about that. And a lot of that is because the company has made such an effort to try to present itself as a global company. And so it's it's being called a traitor for cutting off its ties with China.

Uh, you know, a couple questions. One of the things that you're seeing happening on tik tok right now is influencers and all sorts of people who use tik tok are telling people go find me somewhere else effectively Go Go find me on Instagram or sign up and follow me elsewhere. How concerned is bytedance, and maybe even Microsoft and anybody who would buy it, that the value proposition of whatever is there could disappear by September 15 which is the date that that that Microsoft says that it's going to hopefully have a transaction by or at least continue in good faith talks, until.

Yeah, by chance hasn't said anything about, about that, but from my understanding the company is quite concerned about the survival of Tick tock, that it would want to make sure that in some way shape or form. Tick Tock as a business would be able to operate, but in terms of actually being, you know, commenting on the potential for all these people to leave. They haven't said anything.

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