Company can decide on its acquisition: China on Trump's offer for TikTok

Quick Summary:

China reacted cautiously to US President-elect Donald Trump's offer that 50 per cent of the TikTok ownership should be in American hands, saying such decisions should be independently made by companies while emphasizing that Chinese laws apply to local firms.

When it comes to actions such as the operation and acquisition of businesses, we believe they should be independently decided by companies in accordance with market principles," Chinese Foreign Ministry spokesperson Mao Ning said on Monday.

She, however, highlighted the conditions attached to Chinese firms, saying that they should abide by local laws.

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Category: BusinessFinance

Markets: IndiaChinaSingapore

Topics: TikTok acquisition Chinese laws TikTok Donald Trump

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-01-20 @ 21:32:57 (5 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 770 words

Reading Time: 5 minutes read

Sentences: 32 lines

Sentence Length: 25 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Standard

News ID: 25288452

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