Yahoo Finance published this video item, entitled “China’s response to a U.S. TikTok ban ‘will be negative,’ Pangaea Policy founder says” – below is their description.
#China #TikTok #stockmarket
Pangaea Policy Founder Terry Haines joins Yahoo Finance Live anchors to discuss how markets are reacting to China Foreign Prime Minister Qin Gang’s warning to the U.S. as tensions grow, investor sentiment, why the U.S. views TikTok as a national security threat, and the outlook for U.S.-China relations.
Yahoo Finance YouTube Channel
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China is the third largest country in the world by area and the largest country in the world by population. Properly known as the People’s Republic of China, the political territory of the country includes Tibet and Hong Kong. The capital is Beijing.
TikTok, known in China as Douyin, is a Chinese video-sharing social networking service owned by ByteDance, a Beijing-based Internet technology company founded in 2012 by Zhang Yiming. It is used to create short music, lip-sync, dance, comedy and talent videos of 3 to 15 seconds, and short looping videos of 3 to 60 seconds.
ByteDance first launched Douyin for the Chinese market in September 2016. Later, TikTok was launched in 2017 for iOS and Android in most markets outside of mainland China; however, it only became available worldwide, including the United States, after merging with another Chinese social media service Musical.ly on 2 August 2018.