Beijing said on Monday that any acquisition of TikTok should be done according to “China’s laws and regulations” after U.S. President-elect Donald Trump proposed a joint venture model to keep the app running in the United States.
TikTok went dark for hours on Sunday as a ban on the app took effect. The social media app was banned from the United States because its parent company, China-based ByteDance Ltd., is subject to the control of the Chinese communist regime, a foreign adversary of the United States, and had not divested from California-based TikTok Inc. before the deadline.
However, TikTok restored service later on Sunday, saying that a statement from then-President-elect Trump calling for companies to save the app had provided “the necessary clarity and assurance” that the company could continue to operate….