China has updated its export control rules to require certain technology companies to gain licensing approval if they wish to sell technology to an American buyer, adding yet another wrinkle to the potential sale of TikTok’s US operations.
According to a New York Times report, the country’s official Xinhua news agency also published commentary which said TikTok’s parent company, ByteDance, could be required to gain a licence if it is to sell the technology to a US company.
