In the News: TikTok Export Controls; Mengniu Terminates Acquisition; and JPMorgan $1 Billion Buyout

China restricts AI exports, TikTok sale in jeopardy; Mengniu's Australian purchase falls through with no government approval forthcoming; JPMorgan buys out mutual fund JV partner for $1 billion

5 minute read August 31, 2020 at 05:32 AM

Vincent Chow

In the News: TikTok Export Controls; Mengniu Terminates Acquisition; and JPMorgan $1 Billion Buyout

TikTok sale in jeopardy as China restricts AI exports

China has introduced new export control restrictions on certain technologies, in a move that threatens to derail TikTok's potential sale to an American buyer.

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