Musical.ly was started by entrepreneurs in Shanghai. Although it may have had US and Japanese investors, I don't think it was an American company. https://en.wikipedia.org/wiki/Musical.ly >"It’s the first company to be headquartered in China, designed in China, but popular in the US," said Greylock investor Josh Elman. "Finally we’re seeing talented people who live in that ecosystem in that world and actually transce…
"TikTok also says China does not have jurisdiction over content of the app, which does not operate in China and is not influenced by any foreign government." If it's a Chinese company, why is TikTok saying that China has zero jurisdiction over the app? Besides that, the US can require that Bytedance peel off TikTok / Musical.ly. If Bytedance wants access to the US market with that app, it will have to play by US rule…
Except that the US always complained about this behavior from the Chinese government, but now it wants to adopt it as normal. It looks like the Chinese way of doing things is winning...