TikTok is so successful in the American market that various parts of the U.S. government banned its use due to concerns regarding its corporate parent’s possible links to the Chinese government.
Tensions between the United States and China have risen in recent years, partially driven by the Trump administration’s stance regarding trade, and have spilled over into the technology industry — where the two countries had been inextricably linked.
Huawei and ByteDance are not the only Chinese companies caught — fairly or not — in the crossfire, but they are the among the best-known entities currently constrained by cross-Atlantic rancor.
ByteDance is an incredibly valuable company, at least according to its investors. It is considered an IPO candidate for 2020. Perhaps TikTok’s explosive growth in in-app revenue will help it file with the SEC.
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