CHINA-US: US OPENS INVESTIGATION INTO CHINA-OWNED TIK-TOK
Reuters cited three unidentified sources as saying that the Committee on Foreign Investment in the United States (CFIUS) has started a national security review of Chinese-owned TikTok’s $1 billion acquisition of U.S. social media app Musical.ly. TikTok didn’t seek clearance from CFIUS when it acquired Musical.ly, which gives the U.S. security panel scope to investigate it now.
|