TikTok

Running silently beneath the outcry over TikTok and We- Chat is the advancement in the development of China’s sovereign digital currency — the Digital Currency Electronic Payment or DCEP.

“The U.S. ban on Chinese internet companies will have little impact on the revenue and earnings of most listed Chinese internet companies,” - Jian Shi Cortesi, fund manager at GAM Investment Management in Zurich

With the US election less than 90 days away, Trump is making his challenge of China a central theme of his campaign, where he trails Democrat Joe Biden in the polls.

If China were to mimic Trump's gambit – alleging, without providing evidence, that some US multinationals are potential national-security threats – it could force them to sell their operations to 'very Chinese' buyers.

The Trump administration’s move to ban US residents from doing business with Tencent Holdings Ltd.’s WeChat app has erased US$34.6 billion ($47.3 billion) from the Internet giant’s market value.

This is how it works. You have a hugely successful business in the US, but you are a foreign company. Your US competitors missed the boat and cannot catch up. The first step comes with the unproven charges that your company is a security risk.

China won’t accept the US’s “theft” of TikTok and may retaliate, state media said, raising the threat of Beijing’s opposition to Microsoft Corp.’s envisioned purchase of the social media app’s American operations.

It would be unprecedented, based on recent history, for the US government to collect a cut of a transaction involving companies in which it doesn’t hold a stake.

US President Donald Trump only agreed to allow Microsoft to negotiate the acquisition of popular short-video app TikTok if it could secure a deal in 45 days.

Chinese technology shares surged on Monday, driven by expectations of support from Beijing in response to US moves on Chinese-owned software companies.