Liza Lin, Jing Yang, and Eva Xiao, reporting for The Wall Street Journal:
President Trump’s remark over the weekend that he was weighing an
outright ban of TikTok in the U.S. sparked nationalist sentiments
in China, where the Global Times, a Communist Party tabloid,
derided the situation as “the hunting and looting of TikTok by the
U.S. government in conjunction with U.S. high-tech companies.”
On Chinese social media, users likewise expressed outrage. Many on
the Twitter -like Weibo platform accused the Trump administration
of pandering to voters by stemming the rise of TikTok — and by
On Douyin, Bytedance’s domestic analogue to TikTok, where videos
commenting on a possible U.S. ban circulated widely, one popular
comment suggested Huawei be allowed to buy Apple Inc.’s China
“Be allowed to buy” is some euphemism for a forced sale. But if China decides to retaliate — and why wouldn’t they? — what company might they target other than Apple? Facebook and Google are already banned in China. Amazon has AWS, which has a fair-sized presence there, but AWS is sort of the anti-TikTok in terms of being consumer-facing. Microsoft would be the obvious tit-for-tat target. But does Microsoft have a neatly bundled consumer presence in China?
If I were the dictator of China, and I was angry about the Trump administration forcing a proud Chinese company like ByteDance to divest itself of TikTok, and I was looking for a way to show that China cannot be pushed around by the U.S., I’d look at iCloud and the App Store, and humiliating the biggest company in the world.
But AAPL shares are trading at an all-time high so I’m sure all is good and Apple has nothing to worry about with a rapidly escalating trade war with China and a cornered-rat deranged narcissist steering the U.S.
★ Tuesday, 4 August 2020