China Stands Firm on TikTok After Trump’s Buyer Announcement
(MENAFN) On Monday, China reiterated its stance on TikTok following US President Donald Trump’s comments about a “group of wealthy people” intending to acquire the popular social media platform, an acquisition that would require approval from the Chinese government.
China "reaffirms its position... I have no further comments," Foreign Ministry spokeswoman Mao Ning said during a live-streamed press briefing in Beijing, offering no additional details.
In past statements, Beijing has praised TikTok for its "positive role" in fostering job creation and stimulating consumption in the United States.
On business operations and acquisitions, Foreign Ministry spokesman Guo Jiakun stated in January, “They should be decided independently, based on market principles.”
He added, "If Chinese companies are involved, such actions should comply with Chinese laws and regulations."
Trump spoke about a potential deal during an interview broadcast on Sunday, saying, “We have a buyer for TikTok, by the way." He speculated that approval from China’s President Xi Jinping would likely be needed, commenting, “I think I will need probably China’s approval. I think (Chinese) President Xi (Jinping) will probably do it.”
Trump described the prospective buyers as “very, very wealthy people” coming together as a group but did not confirm if any major tech firms were part of the deal. He also mentioned that further details would be disclosed “in about two weeks.”
Speculation about Elon Musk’s interest in acquiring TikTok surfaced recently, but the billionaire entrepreneur swiftly denied the rumors, dismissing them as mere speculation.
China "reaffirms its position... I have no further comments," Foreign Ministry spokeswoman Mao Ning said during a live-streamed press briefing in Beijing, offering no additional details.
In past statements, Beijing has praised TikTok for its "positive role" in fostering job creation and stimulating consumption in the United States.
On business operations and acquisitions, Foreign Ministry spokesman Guo Jiakun stated in January, “They should be decided independently, based on market principles.”
He added, "If Chinese companies are involved, such actions should comply with Chinese laws and regulations."
Trump spoke about a potential deal during an interview broadcast on Sunday, saying, “We have a buyer for TikTok, by the way." He speculated that approval from China’s President Xi Jinping would likely be needed, commenting, “I think I will need probably China’s approval. I think (Chinese) President Xi (Jinping) will probably do it.”
Trump described the prospective buyers as “very, very wealthy people” coming together as a group but did not confirm if any major tech firms were part of the deal. He also mentioned that further details would be disclosed “in about two weeks.”
Speculation about Elon Musk’s interest in acquiring TikTok surfaced recently, but the billionaire entrepreneur swiftly denied the rumors, dismissing them as mere speculation.
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