TikTok Sale in Turmoil After China Updates Tech Export Rules
The sale of Chinese video-sharing app TikTok to a U.S. tech company hit a potential roadblock after Beijing updated technology export rules that could delay a purchase.
After President Trump gave TikTok owner ByteDance 90 days to sell the app over national security concerns, China issued new regulations on Friday that could restrict or even ban the export of certain technology while requiring companies to first seek government approval.
Image source: Getty Images.
Source Fool.com
