HEGEMONY FIRST. News Analysis: Robbery of TikTok reveals unabashed U.S. hegemony. Oracle was among the pool of bidders, including Microsoft and Walmart, to buy TikTok's American operations. China accused the US of "coerced robbery and economic bullying" by threatening to ban TikTok, which is owned by Chinese company ByteDance. As the deadline for ByteDance, TikTok's parent company, to sell its US business inches closer, the Chinese government on Saturday said the Donald Trump administration's deadline is tantamount to "coercive robbery". A few years ago, the United States used "long-arm jurisdiction" to dismember France's manufacturing conglomerate Alstom, which eventually led to the acquisition of its major business by its U.S. rival General Electric Company. Your email address will not be published. The Wall Street Journal pointed out that the deal promoted by the U.S. government exudes the stink of "crony capitalism," which will damage the credibility of the U.S. government and its image as a self-proclaimed supporter of free market rules. And as TikTok’s success has been widely ascribed to an AI-infused algorithm that keeps feeding users what they want to see, the social network’s buyers could be offered an inferior product. If Oracle and TikTok can show they can safeguard user data in the US, CFIUS and the Trump administration might accept the arrangement. as the American tech partner that could help keep the popular video-sharing app running in the US, according to a person familiar with the deal. Robbery of TikTok reveals unabashed U.S. hegemony The Independent September 24, 2020 WORLD Leave a comment Beijing, China | XINHUA | The U.S. government recently coerced ByteDance to sell video-sharing app TikTok’s U.S. business to American companies, repeating its old trick of seizing high-tech enterprises by abusing state power. Actually, the United States has repeatedly suppressed foreign enterprises that challenged its leading position, even those in allied countries. 17 follow my insta for makeup pics ☝ business- charlotteslooks@gmail.com The US President has categorically said that he will not extend the September 20 deadline for China-based ByteDance to sell the US business of TikTok or face the complete ban. So it could provide cloud services such as storing TikTok's data in the US, or computing services for the app. All rights reserved. Oracle co-founder Larry Ellison is unusual among tech executives for his public support of President Donald Trump. Source: Global Times Published: 2020/9/21 23:53:29 . It grabs people's locations and messages they send one another, for example, and tracks what people watch to discern what kinds of videos they like and how best to target ads to them. International commentators and scholars have used similar words — robbery, extortion and heisting — to describe the nature of the U.S. coercion over TikTok,” the article claimed. The new list, released jointly by China's Ministry of Commerce and the Ministry of Science and Technology, added 23 items to export restrictions while technical parameters of 21 items were revised. Oracle, in confirming it was the winning bidder, didn't refer to the deal as a sale or acquisition, instead saying it was chosen as TikTok's "trusted technology provider.". Which makes China Daily’s news that ByteDance has applied for an export permit important, because China’s regulations on such matters recently added AI and pushing personalised information to the list of technologies that need approval before they can be sold outside the Middle Kingdom. ♬ ROBBERY | 1 Posts. The US President has categorically said that he will not extend the September 20 deadline for China-based ByteDance to sell the US business of TikTok or face the complete ban. It’s a lovely book. In recent months, the U.S. government threatened to shut down TikTok's operations in the United States, and then forced it to sell itself to American companies. What concerns US officials about the app? Oracle is known for providing enterprise software including cloud computing services. Robbery Juice WRLD is a popular song by Coby | Create your own TikTok videos with the Robbery Juice WRLD song and explore 128.3K videos made by new and popular creators.
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