Beijing ByteDance Technology Co., Ltd. was established in 2012. It is one of the earliest technology companies to apply artificial intelligence to the mobile Internet. It is an information technology company. Many people may not know the name of this company, but everyone is familiar with its products, such as Toutiao, Douyin, Huoshan Video, etc. On September 23, Beijing ByteDance Technology Co., Ltd. issued a statement on its Toutiao account, stating that according to the "Regulations of the People's Republic of China on the Administration of Technology Import and Export" and the "China Export Prohibited and Restricted Technology Catalog", the word JieDouDian has submitted a license application to the Beijing Municipal Bureau of Commerce. Why did ByteDance make such a move? What does this mean for ByteDance?
1. Efforts should be made to obtain partial export rights. TikTok, a product owned by ByteDance, has been suppressed by the government in the United States. Trump said that if TikTok does not accept mergers and acquisitions from American companies, it will block its use in the United States. In my country, ByteDance’s personalized recommendation algorithm is a technology with export restrictions. ByteDance is in a dilemma. On the one hand, it is facing the loss of the U.S. market, and on the other hand, my country's domestic export restrictions, but export restrictions rather than export bans, so ByteDance hopes to gain the possibility of exporting through application. It’s just that the details need to be negotiated by multiple parties. I guess the final result will be the export of some technologies and the retention of core technologies. After all, ByteDance still wants to expand its development internationally.
Second, buy time to implement delaying tactics. Earlier, Trump claimed that if the merger and acquisition was not completed before September 18, TikTok would be completely banned from doing business in the United States. ByteDance submitted a license to the Chinese government and pretended to send a message to the U.S. government: it did not want to complete the merger and acquisition, but due to policy reasons, it was unable to complete it in time. This way you can buy yourself more time to solve the problem. Facts have proved that delaying tactics are still effective. On September 28, a U.S. federal judge temporarily suspended Trump’s ban on TikTok.