It restricts any app operated by a company in a foreign adversary country, necessitating a sale for compliance, as detailed in the current Senate bill draft.
ByteDance extends beyond TikTok to apps like CapCut, Hypic, Gauth, and Lemon8, offering various services such as music distribution and social networking.
ByteDance's product range spans e-commerce, AI, productivity tools like Lark, and content creation ventures such as 8th Note Press and English mini-series, alongside apps like Toutiao and Douyin.
Lawmakers face ambiguity in addressing apps owned by foreign adversaries beyond those of the bill, with over a quarter of top U.S. downloaded apps in 2021 owned by foreign entities, necessitating further consideration.
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