ByteDance, owner of the popular video platform TikTok, says it will file a lawsuit against the US government to protect its rights and interests.
"Over the past year we have earnestly sought to communicate with the US government and provided solutions regarding its concerns," the company said in a statement on Sunday. "But the US administration disregarded facts, disobeyed necessary legal procedures and tried to insert itself into negotiations between private businesses. "To ensure that the rule of law is not discarded, and that our company and users are treated fairly, we announce that we will officially file a lawsuit to safeguard our interests."
Trump signed the directive on Aug 6 blocking all transactions with ByteDance in an effort to "address the national emergency". The order was to take effect within 45 days.
On Aug 14, the president signed another executive order, this time giving ByteDance 90 days to sell or spin off TikTok in the United States. Besides the company's lawsuit, its US employees plan to take the US government to court over the directive.
For some time, the United States has been frequently using so-called "national security" and "national state of emergency" as excuses to restrict or prohibit Chinese companies from carrying out normal investment and business activities in the country, imposing trade ban on Chinese companies on trumped-up charges with no factual or legal basis, Gao said. These actions seriously damaged the legitimate rights and interests of the enterprises and severely violated the basic principles of market economy, according to the spokesperson.
US sanctions and suppression will surely undermine investors' confidence in the country, he said. China firmly opposes using national security reviews targeting investment as a political tool, and generalizing and abuse of security reviews, Gao said. The Chinese government is determined to safeguard the legitimate rights and interests of Chinese enterprises, Gao added. China urges the United States to stop its wrongdoing and groundless suppression of Chinese enterprises, and do more to benefit the economic and trade cooperation between the two countries and the well-being of the two peoples, Gao added.