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Technology

U.S. orders ByteDance to divest TikTok or face potential ban

Chinese tech giant has been in talks with Washington for 2 years to avoid a sale

TikTok CEO Shou Zi Chew is expected to testify before Congress next week to address concerns from lawmakers regarding the app's security and the safety of American users.   © AP

PALO ALTO, U.S./TOKYO -- The U.S. government has told ByteDance to sell its stake in TikTok after more than two years of negotiations failed to convince Washington that the popular short-video app is not a national security risk, according to people familiar with the matter.

The Committee on Foreign Investment in the United States (CFIUS), an agency led by the Treasury Department that evaluates cross-border deals, told the Chinese tech giant to divest its stake, the people said. Failure to do so would leave TikTok facing a possible ban in the country.

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