Global Trade Alert
Global Trade Alert

United States of America: The U.S. Administration orders that Chinese technology company ByteDance Ltd. divest U.S. social media app Musical.ly

Announcement

19 Aug 2020

On 19 August 2020, the U.S. Administration issued an executive order regarding the acquisition of U.S. social media app Musical.ly by ByteDance Ltd. a Chinese technology company.

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Number of interventions

1

1 certainly harmful

0 likely harmful

0 liberalising

List of interventions

Implementation date

19 Aug 2020

Revocation date:

No revocation date

Updated: 19 Aug 2020
FDI: Entry and ownership rule In force
<p>&nbsp;On 19 August 2020, the U.S. Administration issued an executive order regarding the acquisition of U.S. social media app Musical.ly by ByteDance Ltd., a Chinese technology company th...
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