TikTok Will Break Ties with China and Become a US CompanyJul 17, 2020 09:43 AM
Tiktok is shutting down its Chinese ties and moving towards USA. It is indeed an interesting development as the company will be escaping from the clutches of Dragon (China) and looking to flourish in world of Uncle Sam (USA). China had been under serious criticism after the spread of Novel Coronavirus which wrecked the world economy. The backlash is huge from the neighboring countries, and most of the countries are standing against Chinese imperialism. India had taken a strong stance against the Chinese after the Galwan faceoff. Many Chinese apps are banned from India including the famous Tiktok which became a rage in this country among the youth. Banning the app had a huge impact on the Indo- Chinese trade relations.
Larry Kudlow Trump economic advisor said, “I think TikTok is going to pull out of the holding company which is China-run and operate as an independent American company.”
However Secretary of State Mike Pompeo informed that US was undecided in banning the app. The app is being divested by ByteDance Technology Company. Kudlow informed that all the future endeavors of the company will operate from USA. It will be a full-fledged American company. There is a possibility that India might remove the ban on TikTok if it is an American company. India along with USA is the largest market of Tiktok with maximum downloads. There are almost 200 million Indian Tiktok users and 300 million downloads. USA is next with 30 million users. There is indeed a lot at stake for the company if they lose India and USA.