At a briefing in the White House last night (Monday), Trump was asked about the conversation with Nadella, in which the two agreed on terms for further talks to buy the Chinese Tiktok, saying that “I told him that whatever the price, a significant portion of the price would have to go to the US Treasury. “Those who enable this deal. At the moment, they have no rights unless we give them them, so if we give them the rights, it (the money – YY) must go to this country.”
Last week Trump said he wanted to force Tiktok, a popular Chinese-owned video-sharing platform, to be sold to an American company in order to continue operating in the U.S. At the same time, Microsoft was in talks to buy the company. But a few days later Trump announced he intended to ban Tiktok. In the US in a sweeping way and halted contacts between it and Microsoft. Now, after the conversation between him and Nadella, Microsoft has announced that it is continuing with the negotiations.
Tiktok was launched in China in 2016 under the name Douyin, and is owned by Chinese startup BiteDance by entrepreneur Zeng Yimming. The US fears that the Chinese government is using the app to spy on and collect information about young Americans, including the Western world. Bat Tik has denied such use. With its rising popularity in the West, the company has been working to separate Tiktok from the Chinese platform. And is currently run independently by Kevin Meyer, a former Disney executive.
The app has 1.65 billion downloads, about 700 million active users in the Western world and an additional 400 million users in its Chinese version. Adolescents and young people aged 16-24 constitute about 40% of ticketing users, according to data from the research company Global Web Index for 2019. Tiktok’s popularity among teens has led it to impressive achievements and it finished 2019 in second place in the global downloads table, after WhatsApp, according to a report released by research firm Sensor Tower. According to the same report, Tiktok’s revenue in 2019 reached only $ 177 million.