The United States government should get a "substantial portion" of the sale price of the US operations of popular short-video app TikTok, US President Donald Trump said, and warned he will ban the service in the country on September 15 without a sale.
"The United States should get a very large percentage of that price, because we're making it possible", Mr Trump said.
TikTok's catchy videos and ease of use has made it popular, and it says it has tens of millions of users in the USA and hundreds of millions globally.
Trump said that Microsoft was in talks to buy TikTok, and has given ByteDance until mid-September to strike a deal, a tactic that is nearly unheard of.
The app has been under formal investigation on U.S. national security grounds, because it collects large amounts of personal data on users and is legally bound to share it with authorities in Beijing if they demand it.
Scott Kupor, a partner at venture capital firm Andreessen Horowitz, said on Monday: "Do we want to give unilateral authority to the [government] to destroy companies?"
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Fan believes that the NPC Standing Committee will deal with the issue properly and let more Hong Kong residents understand. The body of lawyers said there were "serious doubts about the legal and evidential basis of the government's decision".
The comments came after Trump on Friday said he was planning to ban the Chinese-owned video app's US operations after dismissing a possible sale to Microsoft.
US Secretary of State Mike Pompeo said that action will be taken against WeChat and "countless" Chinese software companies.
- US President Donald Trump abruptly reversed course on TikTok on Monday, just a few days after he said he was planning on banning the China-owned video app in the US. Without us, you know, I use the expression, it's like the landlord and the tenant. "Without a lease, the tenant has nothing - so they pay what's called key money, or they pay something". "But if somebody-whether it's Microsoft or somebody else-buys it, that'll be interesting".
Talks of a possible buy of by Microsoft saw the tech company's share price soar by almost nearly 6%, or $11.53, on Monday. Navarro suggested that if Microsoft is allowed to buy TikTok, the company should be forced to make unrelated concessions related to its China operations.
As part of the deal, Microsoft said that it would own and operate TikTok in the US, Canada, Australia and New Zealand, providing TikTok users with the experience they "currently love" while adding "world-class security, privacy and digital safety protections".
In addition to the various security measures, Microsoft said it would ensure that all private data of TikTok's American users is transferred to the US. So the question is, is Microsoft going to be compromised?
Still, U.S. lawmakers and administration officials have favored shutting down the application altogether to send a message to China after Beijing restricted American companies such as Facebook Inc., Twitter Inc. and Alphabet Inc.'s Google. "Would it be useful to have a rule if you sell it that it maybe Microsoft could divest its Chinese holdings and then we ...more comfortable?" he said. "With lots of grievances towards the United States government, they tend to lash out at us with harsh criticism".