China says it hopes firms seek lawful, balanced solutions over TikTok deal
Summary
China urges companies to find lawful, balanced solutions for TikTok's US operations following ByteDance's agreement with investors including Oracle.
Key Points
- The Chinese government hopes companies reach solutions that comply with Chinese laws and balance all parties' interests regarding TikTok.
- ByteDance signed agreements to hand over TikTok's US operations to investors including Oracle to avoid a US ban.
- China expects the US to provide a fair, open, transparent, and non-discriminatory environment for Chinese enterprises.
- The Chinese commerce ministry spokesperson emphasized cooperation between the US and China in fulfilling commitments for business stability.
