US president says, he is considering imposing restrictions on other chinese companies operating in the country following ByteDance.
US President Donald Trump did not rule out that following ByteDance, which owns the TikTok video service, he could put pressure on other Chinese companies operating in the country. He stated this at a press conference, which was broadcast on Twitter by the White House.
Trump answered in the affirmative when asked by journalists whether the authorities plan to impose restrictions on Alibaba. “Yes, we are considering other options”, he said.
The President recalled the restrictions already imposed on the Chinese Huawei and indicated that he was not going to lift them. “Huawei is not coming here,” Trump added.
Alibaba is one of the world’s largest e-commerce and digital payments companies. The group owns several subsidiaries and online platforms – Alibaba Pictures, Alibaba.com, AliExpress.com, Taobao.com, Tmall.com. The company was founded in 1999 by Jack Ma, whose fortune is estimated by Forbes at $48.4 billion.
The day before, Trump signed a decree obliging ByteDance to sell all assets in the United States within three months and destroy all personal user data it has collected. The document also prohibits ByteDance from purchasing the musical.ly music service and from owning any assets of this service through subsidiaries, affiliates and other shareholders in China.
The US authorities believe that TikTok can transfer confidential data of Americans to the PRC authorities. In early July, US Secretary of State Michael Pompeo allowed the blocking of a video application in the United States. Trump later said this, who demanded that TikTok be sold to Microsoft or any other American company before September 15.