Business

Trump administration says still searching for TikTok resolution

Parent company ByteDance has until Thursday to restructure ownership of the app in the United States to meet national security concerns

Updated 5 years ago · Published on 12 Nov 2020 3:30PM

Trump administration says still searching for TikTok resolution
ByteDance and TikTok have proposed creating a new company with IT firm Oracle as a technology partner and retail giant Walmart as a business partner but has yet to receive the green light –  Pixabay pic, November 12, 2020

WASHINGTON – President Donald Trump’s administration said Wednesday it was still working to resolve its security concerns over Chinese-owned app TikTok after the firm sought to delay a deadline to sell its US operations.

Chinese company ByteDance has until Thursday to restructure ownership of the app in the United States to meet national security concerns, but it filed a petition in a Washington court this week asking for a delay.

The company said in a Tuesday statement that it had asked the government for a 30-day extension because of “continual new requests and no clarity on whether our proposed solutions would be accepted,” but it had not been granted.

On Wednesday, the US Treasury Department said in a statement it "remains focused on reaching a resolution of the national security risks arising from ByteDance's acquisition of Musical.ly."

ByteDance had established TikTok in the United States three years ago by buying Musical.ly, a lip-syncing video app that was already present in the country,  and merging the two platforms together. 

The Treasury department disputed the firm's allegations of a lack of clarity from the government, saying “we have been clear with ByteDance regarding the steps necessary” to reach a resolution.

The Trump administration has been seeking to ban the app in the US, citing the risk of it handing over American user data to Beijing.

The company flatly denies the allegations.

Trump signed a set of orders against the video platform this summer.

One required ByteDance to sell its US TikTok operations within 90 days, citing national security concerns.

The company also faced an order that would effectively ban the app from the country by the same date.

But on October 30, a Pennsylvania judge issued an injunction temporarily blocking the order aimed at banning it.

The order would have knocked the Chinese-owned video-sharing app offline by cutting it off from US businesses providing website hosting, data storage and other fundamentals needed to operate.

The Trump administration has appealed the ruling.

ByteDance and TikTok have proposed creating a new company with IT firm Oracle as a technology partner and retail giant Walmart as a business partner.

The plan seemed to convince the administration, but the platform is still awaiting a green light.

TikTok has 100 million users in the United States. – AFP, November 12, 2020

Related News

World / 1d

Iran’s two-pronged strategy: The eradication of US forces in the Gulf and political defeat in Washington

Malaysia / 1d

Anwar backs One China policy, says Beijing can pursue reunification

Malaysia / 1d

Disturbed woman at KLIA taken to hospital, had forgotten to take medication

Malaysia / 1d

Woman, believed to be foreigner, allegedly causes disturbance at KLIA (video)

Opinion / 1w

Wikipedia has become compromised by intelligence agencies and ideological capture

Malaysia / 1w

Two podcasters remanded for two days over alleged controversial episode

Spotlight

Malaysia

Private university CFO charged over alleged RM6.56m CBT

World

Unleashed 60kg dog in Hong Kong mauls poodle, bichon frise to death (video)

Malaysia

Three family members killed after Immigration truck runs red light

Malaysia

Woman, believed to be foreigner, allegedly causes disturbance at KLIA (video)

Opinion

Has DAP chosen the path to a slow death?

Malaysia

Three years of bullying at school puts 15-year-old at risk of hearing loss

By Alfian Z.M. Tahir

Malaysia

Police officer's wife cries, pleads for leniency after misusing disabled child's account

Malaysia

Organised cybergroups likely behind rise in racial hate on social media

You may be interested

Business

FMM urges input tax credits as government reviews GST features for SST

Business

Oil prices hold above US$84 as Middle East tensions persist

Business

Tey Por Yee and four others ordered to pay RM103.75m in SC civil suit