U.S. seeks to force ByteDance to sell TikTok U.S. business

In order to boost the economy, the platform economy was mentioned by the Central Economic Conference, and it should play a role in leading development, creating jobs, and showing its talents in international competition. The platform economy referred to here is mainly an e-commerce platform for trade and commerce.

In the past three years of the epidemic, the international community has formed two parallel supply chain systems with China and without China. After the epidemic control was released, Chinese enterprises from Jiangsu, Zhejiang, Fujian and Guangzhou organized groups to go overseas to grab orders, hoping to break the supply chain system without China. However, the international economic situation is expected to go down and people will hate you if you grab business, so the effect remains to be seen.

Douyin (TT) is not a trading e-commerce platform, but a social platform based on algorithm analysis and interest push, which means that Douyin has a strong user database and can relatively accurately analyze user interests and identity knowledge habits, and intervene in user cognition through content push.

The United States has always been vigilant about the possible interference of social platforms in public perception, and has always paid close attention to the collection, storage, and algorithm push of user data on platforms such as FB and Twitter. From this point of view, it is natural to take corresponding data protection measures for the development of Chinese-funded Douyin (TT) in the United States. The most straightforward thing is to stop TT from becoming a social platform controlled by Chinese capital. If G/FB/T is banned.

Regarding the platform economy’s “showing its talents in international competition”, corresponding to the actions that the United States may take against Douyin, it is somewhat worthwhile for Chinese platforms to think about how to deal with the situation of encountering regulations in different countries. Unilateralism and protectionism are common in economic downturns, and open and fair globalization will take more time to slowly recover.

In recent years, the U.S. government has frequently suppressed TikTok on the grounds of “national security.” Not long ago, many states in the United States imposed restrictions on TikTok, prohibiting the use of TikTok on state government electronic devices. At present, several congressmen from the Republican and Democratic parties in the United States have jointly proposed a new bill to try to ban TikTok across the United States, which makes the prospect of TikTok worrying.

Two years ago, under the guise of “national security”, Trump forced ByteDance to trade or shut down TikTok, and arrogantly proposed that the finances should be “drawn” from the transaction, which can be described as a ridiculous thing in the world. Later, it introduced the acquisition and cooperation of TikTok by Oracle and others. During this period, Trump kept going back and forth, and finally issued a ban to put TikTok to death. TikTok had to file a lawsuit with the US government to protect its rights and interests.

Until Biden came to power to revoke Trump’s series of executive orders on TikTok, and also ordered the Department of Commerce to review the security issues brought about by related applications. TikTok seems to have escaped, but in fact it has been in the dilemma of being sanctioned by the United States. TikTok and our government have been working hard, but the United States has never stopped thinking about TikTok either shutting down or selling it. The United States has been suppressing Chinese companies under the pretext of “security” for a long time. Now whether TikTok can get out of the crisis is full of difficulties.

Get out of America then!