TikTok owner ByteDance has said it will abide by the new rules set by China for technologies that are subject to export bans or restrictions
TikTok owner ByteDance has said it will abide by the new rules set by China for technologies that are subject to export bans or restrictions. China updated the list of technologies that are subject to export bans last week amid pressure on the app’s parent company ByteDance by the White House to divest its business in the US quickly or face an effective ban.
The new list, released jointly by China’s Ministry of Commerce and the Ministry of Science and Technology, added 23 items to export restrictions while technical parameters of 21 items were revised. On Sunday, ByteDance said “the company will strictly abide” by the new export rules, reports CNBC. All technology transfers abroad, whether through trade, investment or other means, must strictly abide by relevant regulations on technology import and export of the country, the Chinese Ministry of Commerce said in a statement on Friday. The update could affect a potential TikTok deal in the US.
“As a fast-growing innovative enterprise, ByteDance has many cutting-edge technologies in artificial intelligence and other fields, and some technologies may have been covered by the adjusted catalogue,” Professor Cui Fan at the University of International Business and Economics told Xinhua. Two new items under the category of information processing technology in the computer service industry were cited by Cui as relevant in the TikTok deal, which was the “personalized information push service technology based on data analysis” and “artificial intelligence interactive interface technology.”
No comments:
Post a Comment