Latest news with #PAFACA
&w=3840&q=100)
Business Standard
28-04-2025
- Business
- Business Standard
TikTok to enter online shopping business in Japan to expand outside US
TikTok is trying to grow its business outside the US, where it is still waiting for a final deal that will allow it to continue operating Md Zakariya Khan New Delhi Chinese social media giant TikTok plans to launch online shopping in Japan within the next few months, Japanese daily Nikkei reported on Sunday. The move marks TikTok's push to grow its business beyond the US. In March, TikTok launched TikTok Shop in France, Germany, and Italy, expanding its reach across Europe. According to the news report, TikTok will soon start inviting sellers in Japan to join its e-commerce platform. What is the TikTok Shop? TikTok is trying to grow its business outside the US, where it is still waiting for a final deal that will allow it to continue operating. TikTok's uncertain future in US TikTok, the popular video app owned by China's ByteDance, has been facing major pressure in the US. Last week, US President Donald Trump said any decision about TikTok might take more time. He also talked about ending the trade fight between the US and China that has affected global markets, as mentioned in the Reuters's report. Earlier, Trump had given TikTok more time to sell its US operations. The 2024 law says TikTok's parent company, ByteDance, must sell the app by January 19. Almost half of Americans use TikTok, making its future very important for many people. In April 2024, the US government passed a law called the 'Protecting Americans from Foreign Adversary Controlled Applications Act" (PAFACA). This law says that TikTok must sell its US business to a US company by January 19, 2025, or face a ban. TikTok battles US crackdown TikTok challenged the law, saying it violated free speech rights, but the US Supreme Court ruled against TikTok, agreeing that national security concerns are more important, according to a report by The Guardian. As a result, TikTok was briefly removed from US app stores on January 19. However, Trump, after returning to office, delayed the ban twice by signing executive orders to give TikTok more time to find a buyer. At the same time, TikTok has been working internally to adjust its US operations while looking for a US partner. There have been talks about setting up a joint venture where TikTok could continue operating with US investors involved, but the deal still needs approval from both US and Chinese governments, according to a report by Reuters.
WIRED
14-02-2025
- Business
- WIRED
TikTok Is Back in US App Stores
Paresh Dave Louise Matsakis Feb 13, 2025 9:11 PM The move reportedly comes after US Attorney General Pam Bondi reassured Apple and Google they would not be fined for hosting TikTok. Photograph:Twenty-six days after it was banished from US app stores, TikTok has returned to the iOS App Store and Google Play store. Apple and Google brought back the Chinese-owned video app after receiving a letter from US Attorney General Pam Bondi assuring the companies they would not be fined for hosting it, Bloomberg first reported Thursday. Google confirmed to WIRED it has brought TikTok back, but didn't immediately elaborate on the reason. Apple, TikTok, and the Department of Justice didn't immediately respond to requests for comment. Bondi was sworn into office last week. The return concludes a fraught few weeks for TikTok. The platform disappeared from US app stores and went dark for users nationwide on January 19, hours before the ban went into effect. It sputtered back to life later that day, after TikTok executives received their own assurances from then-President-elect Donald Trump that he would provide more time for a resolution to be reached. If you already had the app on your phone, it was functioning normally by that same afternoon. After President Donald Trump took office on January 20, one of his first executive orders gave TikTok a reprieve. 'I am instructing the Attorney General not to take any action to enforce the Act for a period of 75 days from today to allow my Administration an opportunity to determine the appropriate course forward,' the order reads. Google and Apple, however, continued to keep TikTok out of their marketplaces, meaning new users couldn't install it. That's because the law that undergirds the TikTok ban—the Protecting Americans From Foreign Adversary Controlled Applications Act (PAFACA)—says that American tech companies can't 'distribute, maintain, or update' any apps from ByteDance, TikTok's parent company. Those that do face the prospect of hefty fines. That means not just TikTok, but a dozen or so apps, including popular offerings like Lemon8, CapCut, and Marvel Snap, have been unavailable to download for over three weeks. (Those apps also returned to the app stores on Thursday.) While TikTok was unavailable, users searching for it on the iOS App Store were greeted by the following message: 'TikTok and other ByteDance apps are not available in the country or region you're in.' A 'Learn more' link sent users to a long article explaining why the app was gone and a reminder that they wouldn't receive any updates for as long as the ban was in place. The Google Play Store, meanwhile, said 'Downloads for this app are paused due to current US legal requirements.' Searchers were directed to competitor apps, several of which saw a bump in usage. PAFACA allows the president to extend the deadline for banning TikTok by 90 days if he certifies to Congress that 'significant progress' has been made toward a deal to sell the app to a non-Chinese company. Right before taking office, Trump proposed that the US could have 50 percent ownership of TikTok, without specifying what he meant. The president reportedly recently tapped Vice President JD Vance to lead the negotiations between ByteDance and potential buyers. One reported scenario would involve Oracle and a group of other investors taking control of the platform. A few other bidders emerged before Trump took office, including billionaire Frank McCourt and, reportedly, AI search startup Perplexity, but ByteDance hasn't said publicly whether it is willing to make a deal. TikTok's parent company may want to retain the TikTok algorithm in the event of an eventual sale, and it's not clear what TikTok would look like—or be worth—without it. On Thursday, Trump told reporters in televised remarks that he expected the deal process to conclude before his 75-day reprieve expires in April, but that he was open to extending the deadline. "We have a lot of people interested in TikTok, and I hope to be able to make a deal," he said. "We'll probably have to get approval from China to do it … but it's to their benefit too." PAFACA remains on the books, and still requires TikTok to be banned if the company is unable to divest from ByteDance by the time the extension runs out. Republican senators previously spoke out against extending the timeline for the app. 'Now that the law has taken effect, there's no legal basis for any kind of 'extension' of its effective date,' senators Tom Cotton of Arkansas and Pete Ricketts of Nebraska said in a statement in January. Additional reporting by Brian Barrett.
