The Chinese government's interests in TikTok could play a determining role in negotiations to have it continue in the U.S. despite fears regarding its ties to the Chinese Communist Party, according to people involved in the matter.
The social app has been negotiating with the Commerce Department's Committee on Foreign Investment in the U.S. for more than two years to find an arrangement that would assuage concerns that the CCP can access its data or influence its operations. It has reportedly proposed an agreement allowing the company to store U.S. data on local servers while taking actions enabling the company to operate in the United States without a total ban.
"Under our proposed agreement with [CFIUS], no technology will change hands," TikTok said in a statement."We are hopeful that this arrangement will allow us to address national security concerns while complying with Chinese export regulations."
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