this post was submitted on 25 Apr 2024
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[–] davel@lemmy.ml 18 points 6 months ago* (last edited 6 months ago) (3 children)

Exactly, this asset is worth nothing to the CPP if sold.

TikTok is worth approximately nothing to the CPC either way. It’s not like the Chinese state is hurting for money. They have a surplus of US dollars that they’re busy unloading, and they have fiat monetary sovereignty of their own currency. The app is banned in China, so nobody there is going to miss it. Who is invested in ByteDance that might care? American private equity: ByteDance’s US investors weigh options as bill to ban TikTok advances

[–] PipedLinkBot@feddit.rocks 1 points 6 months ago

Here is an alternative Piped link(s):

fiat monetary sovereignty of their own currency

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