Free Trial

China Won’t Accept ‘Theft’ of  Tech Company: Daily

CHINA PRESS
MNI (Sydney)

China will not accept the "theft" of a Chinese technology company and it has a number of response options if the Trump administration carries out its planned "smash and grab" of banning TikTok's U.S. operations, the China Daily said in an editorial. The U.S. has effectively invited potential U.S. buyers to participate in an officially sanctioned "steal" of Chinese technology, the newspaper said. Selling its U.S. operations to Microsoft might be preferable for ByteDance, TikTok's parent company in China, as it is working "for the best outcome", the Daily said.

MNI Sydney Bureau | +61-405-322-399 | lachlan.colquhoun.ext@marketnews.com
MNI Sydney Bureau | +61-405-322-399 | lachlan.colquhoun.ext@marketnews.com

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.