Tag Archives: China

Europe’s Digital Emergency by Carl Bildt

Although the European Union already has a lot on its hands as it confronts a new wave of COVID-19 infections and seeks to position itself for a sustainable recovery, it must not ignore another crisis looming on the horizon. The bloc is rapidly and inexcusably falling behind China and America in the digital transition.

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Can the Digital Economy Survive in a Splinternet?

On September 18, the US administration announced that it would ban new downloads of the TikTok and WeChat apps. Then, on September 19, the plan was halted when President Donald Trump gave tentative approval to a deal that involved the creation of a new, US-headquartered entity called TikTok Global. As part of the new deal, Oracle and Walmart would own a combined 20 percent of the newly created entity; the remaining 80 percent would be owned by ByteDance, TikTok’s parent company.

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TikTok, Oracle deal still shrouded in uncertainty as companies tussle over ownership

The TikTok deal President Trump blessed this weekend is still facing uncertainty over the ownership structure of the new company, putting the agreement in jeopardy as a deadline for a U.S. ban of the video app approaches again.

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TikTok Owner’s Big Reason to Strike a U.S. Deal: China Is Slowing

TikTok’s Chinese owner has fought tooth and nail to keep control over its wildly popular platform for dancing teens and young Los Angeles influencers. One big reason: The days of fast internet fortunes and meteoric digital growth in its home market may be coming to an end.

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Europe Feels the Squeeze as Tech Competition Heats Up Between U.S. and China

Lacking a powerful technology sector of its own, the European Union has instead tried to carve out a space in the digital economy as the world’s regulatory superpower, leading the charge on privacy rights and data protection by leveraging its enormous single market against Goliaths like Google and Facebook.

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Forget TikTok. China’s Powerhouse App Is WeChat, and Its Power Is Sweeping.

A vital connection for the Chinese diaspora, the app has also become a global conduit of Chinese state propaganda, surveillance and intimidation. The United States has proposed banning it.

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