The Chinese government opposes the forced sale of tech company ByteTek’s U.S. operations, preferring to shut down TikTok’s U.S. operations. Reuters also reports that ByteTok will invest billions of dollars in Singapore over the next three years and hire hundreds of employees.
President Trump last month threatened to ban TikTok’s business if it is not sold. ByteTek is in talks with U.S. companies such as Microsoft and Oracle to sell TikTok’s U.S. business. Trump has indicated that Byte Ticker must reach a sale agreement by Sept. 15 and will not extend the deadline.
Hong Kong media quoted sources as saying that Chinese officials believe that being forced to sell TikTok’s U.S. business would show that Byte Jump and China are “weakening” under U.S. pressure, but Byte Jump’s statement noted that the Chinese government has never said that Byte Jump should shut down TikTok’s operations in the U.S. or other markets.
The sources noted that China intends to make changes to its list of tech exports as a way to delay ByteTek’s agreement with U.S. companies to sell TikTok’s U.S. business.
Also on Friday, Reuters quoted a source as saying that byte hop plans to invest billions of dollars in Singapore over the next three years and hire hundreds of employees. The company owns the popular short video app TikTok.
The source also said that the plan to build a new data center in Singapore, which is facing pressure from the U.S. government, is untrue, adding that the company has stepped up its procurement of cloud-computing servers in Singapore to provide emergency backup for U.S. data.
In addition, a company source said that TikTok has relocated some engineers from China to Singapore starting this year.
Bloomberg reported earlier that ByteTek plans to use Singapore as a beachhead for the rest of Asia as part of the company’s global expansion plans. Singapore has been making a major effort to attract technology companies and investors over the past few years. The neo-crowning epidemic has hit Singapore hard, making economic transformation all the more urgent. According to analysts, Singapore is expected to become more attractive to companies looking for a neutral location amid growing tensions between the United States and China.
According to Bloomberg, ByteHop may miss the Sept. 20 deadline set by U.S. President Donald Trump for the sale due to new regulations in China that affect ByteHop’s negotiations with buyers such as Microsoft and Oracle.
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