'Unfair' but not the worst-case scenario: Chinese state media reacts to 'reasonable' TikTok deal
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Summary
The plan shows that ByteDance's moves to defend its legitimate rights have to some extent worked."Earlier this month, China made amendments to its export restriction list to include technologies for "recommendation of personalized information services based on data analysis." It did not specifically name ByteDance, but the addition was seen to relate to the video recommendation algorithm that has been a key factor behind the rising popularity of TikTok. Global Times claimed China's move "significantly influenced the outcome" of the deal.Meanwhile, in a separate opinion piece, the state-backed publication indicated the TikTok deal will need "the approval of the Chinese government," suggesting that there are still some final hurdles to overcome.Washington has often claimed that TikTok Global will be an American firm free of Chinese influence."It'll be a brand new company.
As said here by Arjun Kharpal