Earlier quoted context omitted.
China announced years ago it would not support the divestment of China's interests in TikTok/Bytedance. So it's always been a de facto ban of TikTok hidden behind the justification that it's not a de jure ban.
Destroying the company rather than selling it for billions of dollars is a crazy stance for a supposedly independent business, and should be taken with a huge grain of salt. There is a good chance they are bluffing, which would be a reasonable strategy as they try to push back on the bill. The only reason they would go through with burning the company down is for geopolitical reasons, which would show how beholden Ti…
Whatever the means chosen to ban it is, it'll probably face even more legal challenges.