Weekend reports that ByteDance will need the approval of China's government to sell off its TikTok app
Bloomberg cite a person familiar with the matter.
- new restrictions imposed on the export of artificial intelligence technologies
- added to a revised list of export-control products published on the Ministry of Commerce's website late Friday
- Government permits will be required for overseas transfers to "safeguard national economic security"
The clock is ticking for the app to be sold, Trump has given a tight deadline. Oracle, Microsift, Walmart (yes) all said to be bidders.
TikTok is a short video app.
