The U.K. government has blocked a Hong Kong-based company’s attempt to acquire a U.K. chip design software company citing national security risks. That Hong Kong-based company, according to Bloomberg, is effectively controlled by a Shanghai-based chip design software firm. The report highlights the U.K. government’s growing concerns about China’s continued efforts to gain access to...
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Data Show TikTok Shop Relies on Indonesia, Where Business Is Threatened
TikTok just cannot escape government scrutiny. Even as the hugely popular ByteDance-owned app expands in the U.S. despite a persistent threat of a ban, the Indonesian government has decided on a new regulation to ban online shopping on social media. That would hobble TikTok’s fast-growing shopping service in Indonesia, which is the single biggest market for TikTok Shop, as the service is...
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