TikTok uses such technologies to recommend new videos to its users.
Selling part of the business to a United States company could require transferring software codes or usage rights to the new owner of TikTok from China to overseas, Cui said.
China has previously used bureaucratic procedure to block commercial deals without appearing to do so outright. That allowed ByteDance and TikTok to pursue sale talks with potential bidders like Microsoft, Walmart, Oracle and others. TikTok denies it is a national-security risk and is suing to stop the administration from the threatened ban.
After Walmart and Microsoft, Oracle, Alphabet, and Twitter, London-based investment firm Centricus Asset Management and music video app Triller based in the USA have shown interest in the short video app TikTok.
While ByteDance hasn't disclosed its asking price for TikTok, the Wall Street Journal reported last week that it is seeking roughly $30 billion for TikTok's United States operations. The company's executives are working to understand the new rule, and the attempt to please two governments that are already at odds could make logistics for any deal more challenging, according to a person familiar with the situation.
Four months ago, Kevin Mayer was running Disney+ and only had to worry about cashing checks.
Los Angeles-based social short-form video service Triller could be the new owner of its bigger Chinese rival TikTok.
President Donald Trump has accused TikTok of funneling personal data from its users to the Chinese government, and ordered ByteDance to sell the app's USA operations by November 12 or be shut down in the country. The U.S. Department of Commerce did not respond to requests for comment.
"It's a little bit like the landlord/tenant; without a lease the tenant has nothing, so they pay what's called 'key money,' or they pay something", Mr. Trump, who owned numerous properties in NY said.
"But, as the USA government is well aware, Plaintiffs have taken extraordinary measures to protect the privacy and security of TikTok's U.S. user data, including by having TikTok store such data outside of China (in the United States and Singapore) and by erecting software barriers that help ensure that TikTok stores its U.S. user data separately from the user data of other ByteDance products".
China's Foreign Ministry criticized the American government's moves again Monday. Experts say these controls are likely to cover parts of the TikTok app.