U.S. extends TikTok divestiture of U.S. operations
Xinhua News Agency, Washington, November 13 (Reporter Xu Yuangaopan) The U.S. District Court for the District of Columbia issued a document on the 13th that the U.S. Foreign Investment Commission decided on the 12th to extend the period for the spin-off of the mobile application TikTok in the United States by 15 days to 11. On the 27th.
The US Treasury Department also issued a statement on the 13th, confirming the above-mentioned extension decision.
US President Trump signed an executive order on August 6 stating that TikTok poses a threat to US national security and will prohibit any US individual or entity from conducting any transactions with TikTok and its parent company Bytedance after 45 days.
On August 14, Trump once again signed an executive order requiring ByteDance to divest all rights and interests of TikTok's operations in the United States within 90 days.
Chinese Foreign Ministry spokesperson Wang Wenbin said on the 13th that China has always opposed the US's generalization of national security concepts, abuse of national power, and unreasonable suppression of foreign companies.
It is hoped that the US will truly respect the principles of market economy and fair competition, abide by international economic and trade rules, and provide an open, fair, just, and non-discriminatory business environment for companies from all over the world to invest and operate in the United States.