On “Dirty” Trump Scheme, China Threaten to Kill TikTok Deal
Few days ago, the TikTok deal seem like a win for China. Now its state run media are portraying it as ‘an American trap’ and ‘dirty and inferior’.
A quick change in sentiment reflects the complexities of the conclusion of an agreement,
That is much more than finding a fair evaluation for an addictive video app that thrills teens around the world.
It also has a major impact on how the world’s largest economies handle security threats relate to new technologies that will accelerate growth over the next few decades.
For China, the political stakes are similar to the marathon trade negotiations that ended in January with a phase one deal.
Any compromise that makes it look like the Trump administration compels China’s hands to hurt President Xi Jinping,
Who emerge from the Communist Party as a great power in contrast to the humiliation under colonial powers centuries ago is repeat.
Beijing basically does not want to set an example where the U.S. can be allow to unilaterally flex in this way said,
‘Kendra Schaefer head of digital research at Trivium Consultancy in Beijing. Balances things a little to play some role in the decision’.
Oracle Corp & Walmart Inc. agree to own 20% of a new U.S. based entity called TikTok Global,
which would ring the application’s international operations & data, value at up to $ 60 billion.
ByteDance Limited got most of what it need to have valuable artificial intelligence algorithms for its short video app.
That appear to please both Donald Trump, who announce the victory & ban TikTok, as well as China’s most national media.
Hu-Xijin the influential editor of the party run Global Times said the deal still unfair but it avoids the worst outcome.
Signs of trouble reveal by Monday, Bytdance said it would remain in control of TikTok Global,
Further Protesting about Trump’s previous comments about how Americans would direct the new entity.
Oracle issued a statement in support of Trump’s idea, and the US president warn that if the U.S. If the parties do not have a majority, they can still torpedo a deal.
They say it has nothing to do & if they do, we just won’t deal,
Trump said, referring to ByteDance which owns TikTok.
It’s going to be completely control by Oracle,
In addition I think they’re going public and they’re buying it out –
They’re buying a lot, and if we find that they don’t have total control. Then we will not approve the deal.
What the United States has done for TikTok is almost the same as a gangster forcing an unfair and unfair business deal on a legitimate company.
Gaga has express complete mistrust among Chinese leaders, Gao Zhikai, former diplomat & translator for the late leader Deng Xiaoping, who is now president at Soochow University.
‘China wants to emphasize that the legitimate rights of Chinese companies cannot be violate without consequences’.
The decision may well go out of the hands of the Ministry of Commerce & be decide by the top leadership on both sides, said Xu Ke,
Similarly a law professor at the University of International Trade & Economics.
The TikTok case should be viewed in the context of trade wars, tech decompiling & widespread competition over technology between China and the US.
ByteDance has retain its AI technology in Chinese hands, while TikTok’s data will store by Oracle on American servers by more than 100 million Americans.
It is now a question of political feasibility for both Trump and Xi. Ding Chingling said, China’s administrator want to play in Trump’s favor for nothing.
Equally tech entrepreneur who has known BiteDance founder Zhang Yiming for more than five years. This will also enrage the nationalists in China.