As India plans to clutch apps based out of China into a strong headlock, parent companies of the latter seem to be losing their sister-firms in order to save tail.India become the first country to completely impose a blanket ban on over 59 Chinese origin applications, many countries seem to fall into a similar place.
India’s ban came with swift overlook without any indication or warning, however, many cite the reason of the ban as retaliation against the increasing border tensions between the latter and China. The United States and Australia have indicated strong remorse for Chinese applications citing intense national security interest.
“We remain fully committed to investing in London,” said a ByteDance spokesman.
The following move comes as tensions begin mounting between Beijing and London as the government led by Boris Johnson voted to completely ban Huawei from their 5g spectrum by 2027. London’s decision to push out Huawei points at a tit-for-tat economic pushback between the two countries.
Chinese ambassador to the UK, Liu Xiaoming, told The Andrew Marr Show: “We are still evaluating the consequences. This is a very bad decision.”On asked whether China would push sanctions on UK companies operating in China, Mr. Liu said: “We do not want to politicize the economy. That is wrong.”
But he said: “It is wrong for the United Kingdom to discriminate against a Chinese company because of pressure from the United States.”
Tik-Tok currently employs over a 1,000 people in Europe with the majority of the population being based in the U.K and Ireland. Several reports push that the decision by Tik-Tok to build their headquarters in the U.K has the potential to create over 3,000 jobs.
President Trump’s chief economic adviser Larry Kudlow appeared to change tone and said, “As has been reported in some places I think Tik-Tok is going to pull out of the holding company which is China-run and operate as an independent American company.”