Aug 31, 2020 12:30:00

With the acquisition of TikTok, China tightens regulations that 'technology approval requires approval of the authorities', acquisition negotiations suspended temporarily

Regarding the business of the video sharing application '

TikTok ' in North America and Oceania, negotiations are underway to sell it to an American company, but as if to block this flow, in China 'When exporting artificial intelligence technology, the authorities I found out that there was a regulation 'requiring approval'.

TikTok Talks Could Face Hurdle as China Tightens Tech Export Rules-WSJ
https://www.wsj.com/articles/china-tightens-ai-export-restrictions-11598703527

China tightens tech export controls jeopardizing TikTok deal, reports say
https://www.cnbc.com/2020/08/29/china-tightens-tech-export-controls-jeopardizing-tiktok-deal-reports-say.html

Video sharing app TikTok is concerned about security issues as it collects user data and sends it to Chinese servers, it is banned in India, President Trump said, ``By September 15, 2020 to sell to US companies ' request to, such as Microsoft · Twitter · Wal-Mart · Oracle has raised the bid as a buyer.

However, according to a new report from the Wall Street Journal, China has updated artificial intelligence (AI) related export control regulations, and data processing technologies such as text analysis, content recommendation, speech modeling, voice recognition, etc. 'The sale requires approval by the authorities,' he said.

ByteDance, which operates TikTok, may be unable to sell due to this new regulation. Professor Cui Fan, who studies international trade, pointed out that ByteDance's success is due to China's domestic technical strength, and providing the latest algorithms to overseas companies is a form of export. ByteDance suggests that TikTok's sale story may be suspended as a result of the need to obtain approval from the authorities for the sale.

Xinhua, China's state-owned news agency, said in a news release on August 29, 2020, 'ByteDance has to study a new export list and seriously and carefully consider whether to suspend the sale.' It was

In response, ByteDance announced in a statement yesterday that it would 'strictly comply' with the new regulations.

In addition, ByteDance has a strategy to expand the market in Southeast Asia in response to the ban on the use in each country. When expanding TikTok in Vietnam etc., ByteDance promises to the government that 'content will be strictly controlled by local laws' and will sell it as 'apolitical product'.

TikTok booms in Southeast Asia as it picks path through political minefields-Reuters
https://www.reuters.com/article/us-tiktok-southeastasia-idUSKBN25O033