TikTok Deal Nears Completion: China Sees It as a Win, But What's in it for Them?
A long-awaited deal over TikTok may be close to being finalized, with US President Donald Trump and his Chinese counterpart Xi Jinping set to discuss terms on Friday. According to reports, top officials from both sides have struck a "framework" agreement, which could see TikTok's US operations sold to a group of American firms.
The proposed deal has been hailed as a rare breakthrough in US-China trade negotiations, settling an issue that has made headlines for years. Experts believe that if the deal goes through, it would be a significant win for China, but what exactly is in it for them? According to Suranjana Tewari, Asia Business Correspondent at BBC Technology, "China is calling this a win because they have managed to find a way to resolve the issue of TikTok's US operations without having to give up control."
The deal would see TikTok's 170 million US users transferred to a new entity, with reports suggesting that Oracle and Walmart are among the American firms involved in the negotiations. This move has been seen as a compromise by both sides, allowing China to maintain some level of influence over the popular social media platform while also addressing concerns from the US government.
According to experts, a final deal might look like this: TikTok's US operations would be sold to the group of American firms, which would then operate the platform independently. In return, China would gain access to the US market and potentially other markets in the region. This move has been seen as a strategic one by China, allowing them to expand their influence in the global technology sector.
The negotiations have been ongoing for months, with both sides making concessions to reach an agreement. The proposed deal has been met with skepticism by some experts, who believe that it may not address the underlying concerns about data security and censorship. However, others see it as a positive development, saying that it could pave the way for further cooperation between the two countries.
As the talks continue, one thing is clear: China sees this deal as a win, but what's in it for them? According to Osmond Chia, Business reporter at BBC Technology, "China wants to maintain its influence over TikTok and ensure that the platform continues to operate in line with their interests. This deal would allow them to do just that."
The next steps will be crucial in determining the outcome of these negotiations. On Friday, Trump and Xi Jinping are set to discuss terms, which could lead to a final agreement being reached. If so, it would mark a significant breakthrough in US-China trade relations and pave the way for further cooperation between the two countries.
In conclusion, the proposed deal over TikTok's US operations has been hailed as a rare breakthrough in US-China trade negotiations. While China sees this as a win, what exactly is in it for them remains to be seen. As the talks continue, one thing is clear: the outcome will have significant implications for both countries and the global technology sector.
Attribution:
This article is based on information from BBC Technology and BBC Business, with quotes and details attributed accordingly.
This story was compiled from reports by BBC Technology and BBC Business.
