Shotgun wedding of Microsoft and TikTok US provokes outcry in China

BEIJING/HONG KONG (Reuters) – A potential shotgun wedding to Microsoft Corp for TikTok’s US operations provoked an outcry on Chinese social media as well as criticism from a prominent Chinese investor in TikTok owner ByteDance. Hu said Microsoft was a credible buyer but questioned how selling large parts of TikTok’s operations at such an early stage of its growth could ever be a good deal for ByteDance. Tech bankers in Asia said investment banks working on the deal would have to be careful not to antagonize Trump. The Chinese government declined to comment specifically on Washington’s move to force a sale of TikTok’s US operations. While TikTok is ByteDance’s most well-known app globally, the company makes the bulk of its revenue from advertising on Chinese apps including Douyin – a Chinese version of TikTok – and news aggregator app Jinri Toutiao.

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