China says it won’t approve TikTok sale, calls it ‘extortion’

The September 20 deadline for a purported TikToksale has already passed, but the parties involved have yet to settle terms on the deal. ByteDance and TikTok’s bidders Oracle and Walmart presented conflicting messages on the future ownership of the app, confusing investors and users. Meanwhile, Beijing’s discontent with the TikTok sale is increasingly obvious.
China has no reason to approve the “dirty” and “unfair” deal that allows Oracle and Walmart to effecti