Hong Kong/Beijing — China has emphasised its right to approve or block the sale of technology abroad, confirming on Thursday that it will play a critical role in the sale of TikTok’s US operations to suitors that include Microsoft and Oracle.
The regulatory changes aren’t targeted at specific companies, Gao Feng, spokesperson for the Chinese ministry of commerce, stressed during a weekly online briefing. But companies should consult with the relevant government agencies should any technology they employ fall under the list.
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