Beijing urges Washington to “stop unfairly suppressing foreign companies” as former Treasury head Steven Mnuchin wants to put together an investor group to buy it.
| Beijing has hit out at US legislation to ban TikTok as former Treasury secretary Steven Mnuchin said he was assembling a consortium to buy the app from its Chinese owner.
Mr Mnuchin said in an interview with CNBC on Thursday that he was putting together an investor group to attempt to take over the short-video app. “It’s a great business,” he said. “It should be owned by a US business. There’s no way the Chinese would ever let a US company run something like this in China.”
He Yadong, spokesperson for the commerce ministry, on Thursday called on Washington to “stop unfairly suppressing foreign companies”. The House vote came after US security and intelligence officials held classified briefings for legislators to outline the alleged national security risks.
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