US must respect fair competition, China ministry says on TikTok

China urges the United States to respect the principles of the market economy and fair competition, the foreign ministry said on Thursday when asked about ByteDance saying China will need to approve its TikTok deal in the United States.

Foreign ministry spokesman Wang Wenbin made the comments at a regular media briefing.

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ByteDance’s proposal for US software firm Oracle Corp to become a technology partner in its TikTok app will require approval from both Chinese and US officials, the company said on Thursday.

Read more: China’s new tech export control rules can potentially delay TikTok sale