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TikTok US sale faces fresh hurdle after China tightens tech export rules

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August 31, 2020 at 05:34AM

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Beijing says some exports will now need government approval in move believed to be linked to Trump sale order

New Chinese government restrictions could complicate ByteDance plans to sell TikTok to a US company and avoid a ban threatened by Donald Trump.

Late on Friday, Beijing issued new restrictions or bans on tech exports, requiring companies to seek government approval – a process that can take up to 30 days. In mid-August, Trump gave the company 90 days to sell up or face a shutdown.

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