US President Donald Trump announced an acquisition of social media platform Tiktok - a platform that is owned by Chinese software company ByteDance.

The President said that the deal was a closed case, however Asia business correspondent Peter Lewis told Ryan Bridge that there is more to be done. 

He said that although Washington has approved their side of the deal, Beijing and ByteDance are more guarded on their position. 

'No representatives from ByteDance were present at the signing. In fact, ByteDance hasn't even acknowledged that a transaction is taking place.'

LISTEN ABOVE

US President Donald Trump announced an acquisition of social media platform Tiktok - a platform that is owned by Chinese software company ByteDance.
The President said that the deal was a closed case, however Asia business correspondent Peter Lewis told Ryan Bridge that there is more to be done.&nbsp;
He said that although Washington has approved their side of the deal, Beijing and ByteDance are more guarded on their position.&nbsp;
'No representatives from ByteDance were present at the signing.&nbsp;In fact, ByteDance hasn't even acknowledged that a transaction is taking place.'
LISTEN ABOVE

With a straight down the middle approach, Heather du Plessis-Allan Drive on Newstalk ZB delivers the very latest news and views to New Zealanders as they wrap up their day.

Heather du Plessis-Allan Drive

Peter Lewis: Asia business correspondent on Trump's Tiktok deal with China

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/efa4f0c1-383c-4da2-89c3-b3640077b2f4/transcript

Advertisement