TikTok United States business requires Chinese government sale approval - ByteDance Ltd. it will need to seek approval from the Chinese government to sell U.S. operations of its TikTok app, according to Bloomberg.
This is one of the consequences of the new restrictions imposed by Beijing on the export of artificial intelligence (AI) technologies.
In this regard, AI technologies, such as speech and text recognition and those that analyze data to make personalized content recommendations, have been added to a revised list of export control products posted on the Chinese Ministry of Commerce website this Friday.
Thus, the new restrictions include the technologies that Bytedance uses in TikTok, so the company must have government approval for any trade agreement.
And, although the government has assured that the goal of the new policies is to "safeguard national economic security," it also complicates the sale of TikTok.
TikTok United States business requires Chinese government sale approval
Recently, US President Donald Trump issued an executive order to force ByteDance to sell the popular viral video app TikTok.
The order attempts to retroactively invalidate the acquisition of Musical.ly, a video app acquired in 2017 by Bytedance and the germ of what is now TikTok, alleging national security reasons.
Big companies like Microsoft and Oracle have submitted offers to Bytedance to acquire TikTok in the United States.
Similarly, Centricus Asset Management Ltd. and Triller Inc. they made a last-minute offer Friday to buy TikTok's operations in several countries for $ 20 billion, according to Bloomberg.
According to Cui Fan, a trade expert and professor at Beijing University of International Business and Economics, ByteDance should study the new export list and consider" seriously and cautiously " whether to stop negotiations.
And it is that the need for approval by Beijing could delay, and even undermine, any transaction.
Export controls on technologies related to remotely piloted aircraft and some genetic engineering methods and procedures were also added to the new restrictions imposed by Beijing.
However, they have been eliminated in aspects related to medical equipment.
End of TikTok United States business requires Chinese government sale approval
Phishing alert: CNI investigates mobile hacking of several ministers and senior government officials
The Department of national security of the presidency of the government and the National Intelligence Center (CNI) are investigating the hacking of mobile phones of ministers and senior officials that has taken place during the month of August, as explained this Saturday the confidential.
Among them, the minister of Justice, Juan Carlos Campo, whose mobile phone was hacked and was virtually blocked and unusable.
Similarly, other ministers and government officials recorded similar attacks on their phones.
However, only in some cases did the attackers achieve their goal.
During the attack, the different authorities received messages asking them to click on an address, a known phishing technique.
Thus, if they did, they would display all the contents of the mobile phone to the perpetrators of the attack, which included contacts and all stored material.
Then the phones were automatically locked.
According to one of the ministers, always according to what the confidential publishes, in one of the cases he received a message from, apparently, a large embassy in Spain and asked him to click on the contact.
And, although he claims not to have done so in that case, in other similar cases he would have done so.
In this regard, ministers and senior government officials have received security indications for their communications, according to the confidential.
The purpose of the investigation by the CNI is to determine whether it is accidental that it has affected senior officials or whether it is an intentional attack on members of the central administration. If premeditated, the experts will try to find out the origin.
The system used is the most common and is based on phishing, which consists of WhatsApp messages or e-mail that, posing as someone you trust, ask to click on a link.
Then, if it is a sophisticated system, the attacker can install malware and take control of the mobile, including the camera or microphone and all contacts and data.
According to Kaspersky data, in the second quarter of 2019, Spain was the sixth country to suffer the most phishing attacks in the world.
Mobile phones are the most vulnerable because they are rarely trained with barrier or antivirus systems.