The TikTok standoff has created more uncertainty for U.S. companies trying to break into China’s huge digital market
By David Uberti Close David Uberti Aug. 4, 2020 4:49 pm ET The Trump administration’s push for a sale of TikTok’s U.S. operations has poured fuel on tensions between Washington and Beijing, creating more uncertainty for U.S. app developers trying to break into China’s vast but largely closed digital market.
Mr. Reed, whose trade group is sponsored by large corporations including Apple Inc. and Microsoft, said some U.S. developers have made inroads in the Chinese market with apolitical offerings such as gaming and English-language education. Those businesses could face heat should Beijing respond in kind to what critics have decried as Mr. Trump’s strong-arm tactics, Mr. Reed added.
Retaliation by Beijing for a forced sale of TikTok, China’s first international social media hit, “would be within character,” said Nigel Cory, associate director of trade policy at the Information Technology & Innovation Foundation, a Washington think tank.Beijing already has created the so-called Great Firewall to censor online content, along with an array of regulations limiting foreign firms’ access to the market, Mr. Cory said. The framework has pushed U.S.
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