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World China Won’t Allow a TikTok ‘Smash and Grab’ by U.S., State Media Warns

09:50  04 august  2020
09:50  04 august  2020 Source:   bloomberg.com

Biden’s staff must delete TikTok from their personal and work phones

  Biden’s staff must delete TikTok from their personal and work phones The DNC has already warned against using the appTikTok can access users’ clipboard content on iOS — potentially a problem for anyone using a password manager to log into secure accounts. Some politicians are particularly wary of TikTok because the video-sharing app is owned by Chinese internet company Bytedance.

Foreign affairs spokesman accuses US of hypocrisy and editorial in state -run newspaper decries choice between submission at ‘mortal combat’.

China had "plenty of ways to respond if the administration carries out its planned smash and grab ", it added. Microsoft Corp (O:MSFT) said on Monday U . S . Secretary of State Mike Pompeo said over the weekend that Trump would take action shortly against Chinese software companies that shared user

(Bloomberg) -- China’s government won’t accept an acquisition of TikTok’s U.S. operations by Microsoft Corp. and may take action against Washington if a sale is forced, the Beijing-backed China Daily said in its Tuesday editorial.

a close up of a computer: The TikTok logo sits displayed on a smartphone in front of an image of the national flags of China and the U.S. in this arranged photograph in London, U.K., on Monday, Aug. 3, 2020. TikTok has become a flash point among rising U.S.-China tensions in recent months as U.S. politicians raised concerns that parent company ByteDance Ltd. could be compelled to hand over American users’ data to Beijing or use the app to influence the 165 million Americans, and more than 2 billion users globally, who have downloaded it. © Bloomberg The TikTok logo sits displayed on a smartphone in front of an image of the national flags of China and the U.S. in this arranged photograph in London, U.K., on Monday, Aug. 3, 2020. TikTok has become a flash point among rising U.S.-China tensions in recent months as U.S. politicians raised concerns that parent company ByteDance Ltd. could be compelled to hand over American users’ data to Beijing or use the app to influence the 165 million Americans, and more than 2 billion users globally, who have downloaded it.

It’s Beijing’s strongest defense so far of ByteDance Ltd. and its viral video phenom, which President Donald Trump threatened to ban unless a deal is struck by Sept. 15 to sell TikTok’s U.S. business to Microsoft or another U.S. entity. That process is tantamount to officially sanctioned theft, the Communist Party mouthpiece wrote, echoing prominent Beijing-backed media like the Global Times.

Republicans raise concerns TikTok could be used by Chinese government interfere in elections

  Republicans raise concerns TikTok could be used by Chinese government interfere in elections A group of Republican senators led by Sen. Tom Cotton (R-Ark.) on Tuesday raised concerns that popular social media app TikTok could be used by the Chinese Communist Party (CCP) to spread disinformation around U.S. elections.The lawmakers - who also included Sens. Ted Cruz (R-Texas), Marco Rubio (R-Fla.), Kevin Cramer (R-N.D.), Thom Tillis (R-N.C.), Joni Ernst (R-Iowa) and Rick Scott (R-Fla.) - wrote to the FBI, the Department of Homeland Security and the Office of the Director of National Intelligence raising concerns that the app could be used by China to interfere in American elections.

China had “plenty of ways to respond if the administration carries out its planned smash and grab ”, it added. U . S . Secretary of State Mike Pompeo said over the weekend that Trump would take action shortly against Chinese software companies that shared user medium -browser-and-portrait-tablet.

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“China will by no means accept the ‘theft’ of a Chinese technology company, and it has plenty of ways to respond if the administration carries out its planned smash and grab,” it said, without specifying options. “With competitiveness now dependent on the ability to collect and use data, it offers an either-or choice of submission or mortal combat in the tech realm.”

ByteDance became the world’s largest startup thanks to the success abroad of TikTok, which American lawmakers accuse of posing a threat to national security by vacuuming up data. Trump now has the power to potentially cripple ByteDance’s prized asset by adding TikTok to the U.S. entity list, which would compel American companies such as Apple Inc. and Alphabet Inc.’s Google to drop the service from their app stores.

Trump expected to order China's Bytedance to sell TikTok's US operations

  Trump expected to order China's Bytedance to sell TikTok's US operations People working on the issue within the Trump administration expect the President will sign an order to force Chinese company ByteDance to sell the US operations of TikTok, its popular short-form video app, according to a person familiar with the matter. © Shutterstock The move is aimed at resolving policymakers' concerns that the foreign-owned TikTok may be a national security risk. require(["medianetNativeAdOnArticle"], function (medianetNativeAdOnArticle) { medianetNativeAdOnArticle.

The comments from Secretary of State Mike Pompeo come amid rising tensions between the U . S . and China and as scrutiny "With respect to Chinese apps on peoples' cellphones, the United States will get this one right too." TikTok was not immediately available for comment when contacted by CNBC.

“ TikTok symbolizes Chinese tech companies’ ability in algorithms, artificial intelligence and the ability to go viral and gain profits within a short period of Among the most downloaded Chinese apps over the past 12 months in the U . S . are Joyy Inc. platforms Bigo and Likee and Alibaba’ s AliExpress shopping

Read more: Trump’s TikTok Assault Opens New Front in Tech War With China

The U.S. crackdown has split many in the industry: Some decry the betrayal of values like free speech and capitalism, while others advocate doing whatever it takes to subdue a geopolitical rival and its pivotal tech industry.

Trump repeatedly insisted on Monday that any sale of TikTok’s U.S. operations would have to include a substantial payment to the U.S. That was “open robbery,” tweeted Hu Xijin, editor-in-chief of the Global Times, a tabloid run by the Party’s flagship People’s Daily.

It’s unclear what regulatory measures China could take. The Global Times wrote China has a “limited ability” to protect its companies since the U.S. still enjoys technological superiority. China’s Ministry of Foreign Affairs has previously criticized Washington for employing double standards in trying to ban TikTok. But asked about the latest developments at a regular press briefing Monday, a spokesperson said: “We also don’t comment on the specific business activity of the relevant companies.”

Chinese state media slams U.S. as a 'rogue country' for its planned 'smash and grab' of TikTok

  Chinese state media slams U.S. as a 'rogue country' for its planned 'smash and grab' of TikTok The editor-in-chief of the state-backed Global Times called the U.S. a "rogue country" while China Daily likened a potential Microsoft takeover of TikTok to "theft."Microsoft announced plans on Sunday to acquire TikTok's business in certain markets — the U.S., Canada, Australia and New Zealand.

The US “can’ t win [against] China in free competition,” Ross pointed out. “[ China ] has a combination of a state sector which is very powerful and which can prevent the economy going through slumps,” he explained. “For example, going through the COVID-19 crisis at the present time, the latest data on

Microsoft, which also owns professional social media network LinkedIn, is also seeking to buy TikTok ' s Canadian, Australian and New Zealand interests. © Reuters/CARLOS GARCIA RAWLINS People walk past the Bytedance headquarters building in Beijing. ByteDance has not publicly confirmed the news.

For more articles like this, please visit us at bloomberg.com

©2020 Bloomberg L.P.


Video: Chinese government-backed hackers targeted Moderna: Reuters (CNBC)

TikTok: Twitter should also be in the running for the takeover .
© Provided by Dr. Windows TikTok The social network TikTok has been preoccupying the Microsoft world for over a week. Then it became known that the Redmond-based company had put out feelers to TikTok. So far there has been official talk that Microsoft would like to take over TikTok in the USA, Canada, Australia and New Zealand, but recent rumors also spoke of a possible buy-out of the global business. A report surfaced over the weekend that Twitter is also in the running for the takeover.

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