TikTok faces US breakup from Chinese parent ByteDance as Microsoft circles, United States

Source: straitstimes.com

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NEW YORK/WASHINGTON (REUTERS) – The White House is preparing to force Chinese internet giant ByteDance to shed the US operations of TikTok, as potential buyers, including Microsoft Corp, are already in talks to buy the popular short video app, people familiar with the matter said on Friday (July 31). The move would be the culmination of US national security concerns over the safety of the personal data that TikTok handles. It would represent a major blow for the Beijing-based company, which became one of only a handful of truly global Chinese conglomerates thanks to TikTok’s commercial success. It is was...