As the TikTok deal negotiations between the U.S. and China continues, the Asian giant has become "much more aggressive," in tightening its foreign investments and trade law, and pushing its homegrown chips. Soaring confidence in TikTok's valuation has also left investors reluctant to sell the social media company.
Breakdown
- China has become more assertive in response to U.S. demands over TikTok. 4s
- China has tightened foreign investment laws and promoted its domestic chip industry. 17s
- Major Chinese tech firms, including Alibaba and Huawei, have announced advancements in AI chips. 40s
- China is determined to maintain control over any TikTok deal options. 1m 23s
- ByteDance's valuation has rebounded to around $400 billion, reflecting renewed investor confidence. 1m 56s