ByteDance applies for tech export licence in China amid TikTok deal talks
SHANGHAI (Reuters) – TikTok proprietor ByteDance said on Thursday it has utilized for a licence in China in line with the nation’s tech export requirements.
The software program was submitted to Beijing’s municipal commerce bureau and the company is prepared for a alternative, it said in a press launch on its Toutiao account.
It did not say whether or not or not the making use of was related to an ongoing deal over its U.S. operations, nevertheless China last month revised a listing of utilized sciences which may be banned or restricted for export for the first time in 12 years, which specialists said gave Beijing a say over any deal.
(Reporting by Brenda Goh; Editing by Himani Sarkar)
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