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ARTICLE · 24 SEPTEMBER 2020

DW China Trade Update (35th Edition) | 迪克森律所中国团队简报 (第三十五期)

Dickinson Wright PLLC
Dickinson Wright PLLC
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Dickinson Wright PLLC

Dickinson Wright PLLC

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This past August, our China Team reported on President Trump's Executive Order 13942, which placed restrictions on any transactions with two of the most popular Chinese social media apps...

GlobalMedia, Telecoms, IT, Entertainment
Mark Heusel
Mark Heusel
Hezi Wang
Hezi Wang
Lianne Yan
Lianne Yan
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The US Commerce Department releases scope of bans on Tiktok and WeChat |  美国商务部发布对抖音和微信的禁令范围

This past August, our China Team reported on President Trump's Executive Order 13942, which placed restrictions on any transactions with two of the most popular Chinese social media apps used in the world, TikTok and WeChat. The term "transaction" was undefined in the Executive Order at that time, but the President requested the Department of Commerce ("DOC") establish rules to enforce the President's intent within 45 days. Since then, TikTok's parent company, ByteDance Ltd., was forced into negotiations with various U.S. companies to placate the Administration's Executive Order. Within the last few days, ByteDance announced that it had reached an agreement in principle with Oracle and Wal-mart. On Saturday, the President apparently agreed in "concept" to Oracle and Wal-mart taking a 20% stake in TikTok (the details of such a deal and whether the President will get his

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