Xinhua
27 Sep 2020, 13:48 GMT+10
BEIJING, Sept. 27 (Xinhua) -- The agreement on the fate of video-sharing app TikTok recently reached between ByteDance and relevant U.S. companies is no more than another calculated step in Washington's brazen plan to plunder the Chinese firm.
Compared with an outright ban by the White House, the agreement may seem like a step back for Washington. Yet it would be naive to believe that it would lead to a happy-ever-after ending. As a matter of fact, some U.S. politicians have already vowed that TikTok must be fully controlled by American companies, or they will refuse to ratify the agreement.
From the very start, the ultimate purpose of the U.S. administration has never been to do a transnational commercial matchmaking, but to take full control of the Chinese tech firm, including its management, equities and core technologies.
Washington's roadmap to swallow TikTok has become increasingly clear. It first accused the social media platform of endangering America's national security, a totally baseless charge. Then it threatened to ban it with executive orders, and forced the company to sell itself to U.S. buyers.
For the moment, the potential deal may offer some hope that TikTok can continue operating in the United States, yet that is exactly what those predatory Washington politicians have intended. They have been good at manipulating those investors who are desperate to minimize losses and willing to sacrifice fairness for a deal, even though a ruinous one.
The biggest disgrace of the deal is its nature of inequality. According to media reports, the agreement imposes mandatory arrangements on the company's human resources, thus ByteDance is very likely to be reduced to a bystander in the possible new company.
Besides, ByteDance's partners may take the opportunity of scrutiny to obtain TikTok's entire source code and its updates, according to a CNN report.
While it is still too early to tell where this deal will lead to at the moment, what ByteDance is weathering in the United States is tantamount to a warning for all companies which seek to adventure there.
The United States will have no mercy when it comes to clamping down on competitive non-U.S. companies. To achieve its technological hegemony, Washington has never hesitated to openly violate the principles of market economy and fair competition which the United States has always flaunted.
If Washington can have its way this time, then it would surely use the same formula to plunder more foreign companies and their technologies, putting the legitimate rights of more countries and enterprises in grave danger.
The only viable path for companies to better protect their interests is to resolutely rise up against Washington's modern-day piracy. Blind appeasement will only encourage the United States to go even further in its naked bullying.
Get a daily dose of Beijing Bulletin news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Beijing Bulletin.
More InformationSTOCKHOLM, Sweden: Spotify set a new milestone in 2024, paying out US$10 billion in royalties—the highest annual payout to the music...
NEW YORK CITY, New York: The U.S. must accelerate its efforts to develop fusion energy or risk losing its edge to China, Virginia Governor...
ABU DHABI, 17th March, 2025 (WAM) -- The UAE Cybersecurity Council has identified more than 1,200 cases of internet begging in 2024,...
Washington, DC [US], March 17 (ANI): NASA astronauts Sunita Williams and Butch Wilmore, stranded at the International Space Station...
Washington, DC [US], March 17 (ANI): NASA Asronauts Sunita Williams and Butch Willmore, who are to return to earth after being stranded...
New Delhi [India], March 17 (ANI): In a ground-breaking move, Delhi Police is introducing a merit-based examination for the appointment...
SANTA CLARA, California: Intel's stock soared nearly 15 percent this week following the announcement that former board member Lip-Bu...
DETROIT, Michigan: Volkswagen's decision to scale back production at its Chattanooga, Tennessee plant has sparked backlash from the...
STOCKHOLM, Sweden: Spotify set a new milestone in 2024, paying out US$10 billion in royalties—the highest annual payout to the music...
NEW DELHI, India: Jaguar Land Rover (JLR) has decided against manufacturing electric vehicles at Tata Motors' upcoming $1 billion factory...
LONDON, U.K.: Virgin Group is seeking to raise $900 million to fund its plan to launch cross-channel rail services, positioning itself...
SEATTLE, Washington: Boeing saw a significant increase in aircraft deliveries in February, reporting 44 planes delivered compared to...