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TikTok gets 15-day extension to divest US assets

2020-11-15 09:31:16       source:Global Times

November 14, 2020


Popular video-sharing platform TikTok has been granted a reprieve from the US government, with a 15-day extension to divest its US operation. Although it is still unclear how TikTok might fare under the incoming Joe Biden administration, experts say the extension is a good omen for the company. 

According to US media reports, the deadline for US government approval of a proposed divestment deal has been extended to November 27. 

The outcome of TikTok's US operations will have important implications for U.S.-Chinese relations, and the future shape of the global internet industry, as it is related to how Chinese technology companies will be received and treated around the world, suggested experts.


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