ByteDance owns the video sharing app TickTalk.
The Chinese company said on Sunday that it was going to file a lawsuit against President Donald Trump’s order prohibiting any US transactions with the popular app.
- Last Updated:August 24, 2020, 11:19 AM IST
Apart from this, the company is also preparing to close its business in America. On 6 August, Trump had signed a government order banning TicTock and WeChat from operating in the US. The US administration said that this app is a threat to the country’s national security and economy.
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According to the order, any transaction with ByteDance under US jurisdiction will be halted by 45 days or by mid-September. US officials are concerned that the company may share the details of American users with the Chinese government. However, ByteDance has denied this. In a separate order issued by the Trump administration on August 14, ByteDance has been given 90 days to wind up TickTock’s US business. Bytdance is in talks with potential buyers such as Microsoft and Oracle to sell TickTock’s US operations.