On the app, people share short videos, often set
to music. They lip-sync and dance to songs, do
silly pranks and share other bits of their lives. It’s
searchable by user names, songs and hashtags,
like “thisishalloween” or “tiktokcats.”
The government has stepped in several times
over the past few years to block or break up
Chinese deals. A Chinese company that owns
the gay dating app Grindr reportedly agreed
to sell it earlier this year after a CFIUS review.
Broadcom, based in Singapore, was stopped
from going after U.S. chip maker Qualcomm
because of U.S. national-security concerns over
losing dominance in the race to for leadership in
“5G” wireless, particularly to China. Qualcomm is
a major telecom supplier.