Divina Klaassen
The Biden administration postponed plans to force-sell TikTok to US investors because it wanted to reassess the security risk, according to the Wall Street Journal's source.
The Wall Street Journal reported on February 10 that the administration of US President Joe Biden had indefinitely postponed plans to sell TikTok, the popular video application of Chinese company ByteDance, to US technology firm Oracle and retail partner Walmart.
US President Joe Biden predicts that Sino-US competition will be fierce in an interview broadcast on February 7 Photo: CBS
Former President Donald Trump in August 2020 asked ByteDance to reach an agreement to sell parts of its US operations to these companies or face a ban due to concerns about TikTok and other Chinese online services.
The Wall Street Journal said that the new administration is in the process of considering data security and ways to prevent Chinese authorities from accessing information TikTok collects about US users, but there has been no move yet to show the Chinese tech firm.
TikTok, a popular US app with around 100 million users, has repeatedly denied data transfers to the Chinese government, said it stores user information on servers in the US and Singapore.
In September, the Trump administration announced Orcacle and Walmart would buy TikTok and set up a new company called TikTok Global in the US.
