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home / news releases / KURE - China responds to TikTok ban: 'This will inevitably backfire on the U.S.'


KURE - China responds to TikTok ban: 'This will inevitably backfire on the U.S.'

2024-03-14 07:09:59 ET

China has responded to the new U.S. House bill passed against TikTok, and it doesn't look like it's going to make the U.S.-Sino relationship any better. While the measure still has to wind its way through the Senate, it would essentially ban the platform for all Americans unless TikTok's operations were divested from Chinese parent firm ByteDance ( BDNCE ). The formal name of the bill, titled the "Protecting Americans from Foreign Adversary Controlled Applications Act," also likely riled Beijing, which was quick to lay out its position and accuse Washington of "resorting to acts of bullying."...

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China responds to TikTok ban: 'This will inevitably backfire on the U.S.'
Stock Information

Company Name: KraneShares MSCI All China Health Care Index
Stock Symbol: KURE
Market: NYSE

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