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The Independent UK
The Independent UK
National
Via AP news wire

TikTok dismisses calls for Chinese owners to divest in US

TikTok United States Joe Biden National Security Treasury Department White House
Copyright 2020 The Associated Press. All rights reserved

TikTok was dismissive Wednesday of reports that the Biden administration was calling for its Chinese owners to sell their stakes in the popular video-sharing app, saying such a move wouldn't help protect national security.

The company was responding to a report in The Wall Street Journal that said the Committee on Foreign Investment in the U.S., part of the Treasury Department, was threatening a U.S. ban on the app unless its owners, Beijing-based ByteDance Ltd., divested.

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