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    NjiaPay: South African Fintech Startup Reshaping Payment Solutions for African Businesses

    NjiaPay: South African Fintech Startup Reshaping Payment Solutions for African Businesses

    Ghana’s Kofa Secures $8.1M Pre-Series A Funding to Drive Clean Energy Access Across Urban Africa

    Ghana’s Kofa Secures $8.1M Pre-Series A Funding to Drive Clean Energy Access Across Urban Africa

    South Africa’s CureRoot Leverages AI to Unlock New Medicines from African Medicinal Plants

    South Africa’s CureRoot Leverages AI to Unlock New Medicines from African Medicinal Plants

    SA’s Peach Payments Expands into Francophone Africa with PayDunya Acquisition

    SA’s Peach Payments Expands into Francophone Africa with PayDunya Acquisition

    Egypt’s Enza Secures $6.75M to Drive Financial Inclusion in Africa

    Egypt’s Enza Secures $6.75M to Drive Financial Inclusion in Africa

    South African Prop-Tech Startup Preferental Unveils Innovative Tenant-Screening App

    South African Prop-Tech Startup Preferental Unveils Innovative Tenant-Screening App

    LoftyInc Capital Secures $43 Million for First Close of New Pan-African Seed Fund

    LoftyInc Capital Secures $43 Million for First Close of New Pan-African Seed Fund

    Stitch Teams Up with Standard Bank’s Shyft for Instant Wallet Top-Ups in South Africa

    Stitch Teams Up with Standard Bank’s Shyft for Instant Wallet Top-Ups in South Africa

    Kenya Takes Action Against TikTok Following Child Exploitation Exposé

    Kenya Takes Action Against TikTok Following Child Exploitation Exposé

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    NjiaPay: South African Fintech Startup Reshaping Payment Solutions for African Businesses

    NjiaPay: South African Fintech Startup Reshaping Payment Solutions for African Businesses

    Ghana’s Kofa Secures $8.1M Pre-Series A Funding to Drive Clean Energy Access Across Urban Africa

    Ghana’s Kofa Secures $8.1M Pre-Series A Funding to Drive Clean Energy Access Across Urban Africa

    South Africa’s CureRoot Leverages AI to Unlock New Medicines from African Medicinal Plants

    South Africa’s CureRoot Leverages AI to Unlock New Medicines from African Medicinal Plants

    Kenyan Tourism Venture Studio Purple Elephant Ventures Increases Seed Round to $5 Million

    Kenyan Tourism Venture Studio Purple Elephant Ventures Increases Seed Round to $5 Million

    SA’s Peach Payments Expands into Francophone Africa with PayDunya Acquisition

    SA’s Peach Payments Expands into Francophone Africa with PayDunya Acquisition

    Egypt’s Enza Secures $6.75M to Drive Financial Inclusion in Africa

    Egypt’s Enza Secures $6.75M to Drive Financial Inclusion in Africa

    GIIG Partners with SparkRockets to Launch AI-Powered Startup Validation Tool

    GIIG Partners with SparkRockets to Launch AI-Powered Startup Validation Tool

    Tanzania’s Kilimo BaNDO Revolutionizes Agriculture for Smallholder Farmers

    Tanzania’s Kilimo BaNDO Revolutionizes Agriculture for Smallholder Farmers

    South African Prop-Tech Startup Preferental Unveils Innovative Tenant-Screening App

    South African Prop-Tech Startup Preferental Unveils Innovative Tenant-Screening App

    LoftyInc Capital Secures $43 Million for First Close of New Pan-African Seed Fund

    LoftyInc Capital Secures $43 Million for First Close of New Pan-African Seed Fund

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    iPhone 16 Sales Surge 20% in China, Signaling a Strong Comeback

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    Grid Africa Secures $2.8 Million for Renewable Energy Initiatives in South Africa

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    Millennials and Gen Z Show Shorter Tenures Despite Clear Career Paths, New Report Shows

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    One Direction Star Liam Payne Dies after Hotel Balcony Fall

    One Direction Star Liam Payne Dies after Hotel Balcony Fall

    It’s important to set boundaries in entertainment industry – Reminisce

    It’s important to set boundaries in entertainment industry – Reminisce

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    Flying Eagles moves to Ikenne for camping in prep for 2024 WAFU B U20 Championship in Togo

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    Jagun Jagun secures 7 nominations at 2024 AMAA

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    Oba Elegushi donates 3 standard tennis courts to LASU, reveal reasons behind donation

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Trump’s real goal is for TikTok to disappear entirely, ByteDance CEO says

by Eucharia Egwuma
August 4, 2020
in World News
Reading Time: 2 mins read
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Trump’s real goal is for TikTok to disappear entirely, ByteDance CEO says
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The Trump administration may want to do even more than just ban TikTok, the CEO of the popular app’s parent company wrote in a memo to employees Tuesday.

Zhang Yiming said it “feels like” the US government’s goal is “not necessarily a forced sale” of TikTok, “but given the current macro situation, a ban or even more,” according to a translation of the memo sent to China-based employees provided by the company.

Microsoft (MSFT) has confirmed it is in talks to buy TikTok from ByteDance after President Donald Trump said he was looking to ban the app. Trump said he is giving the two companies until September 15 to strike a deal, otherwise he’ll go forward with a ban.

US government officials have repeatedly expressed concern that TikTok could pose a threat to national security should the data it collects on its American users end up in the hands of the Chinese government. Under Chinese law, companies can be compelled to comply with government requests. TikTok, though, has said it stores its data outside of China and that it would resist any attempts by Beijing to seize the information.

Zhang did not directly address the talks with Microsoft, instead focusing on thanking employees for enduring a wave of criticism he and the company had received on social media in recent days.

“Many people are angered by some of the actions of the current US government, and this results in a lot of personal criticism of me. However, many people misunderstand the current, complex situation,” he wrote.

Addressing what he called anti-Chinese sentiment, Zhang went on to say employees should know that the company has to accept “misperceptions in the market, and we have to be patient and not let short-term frustrations get in the way of our long-term success.”

“In countries, such as the United States, in the current environment some politicians have forcefully attacked China, and in turn, Chinese companies, making it difficult to have a thoughtful and nuanced conversation about complex situations,” he wrote.

He urged employees to continue to focus on improving the app, embrace transparency and protect customers’ security.

“This helps us win trust around the world with users, and also helps people better understand our complex and unique story as a global company with Chinese founders,” Zhang wrote.

CNN

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