An Indian tax intelligence unit in mid-March ordered HSBC and Citibank in Mumbai to freeze bank accounts of ByteDance India as it probed some of the unit's financial dealings, a move the company is challenging in a Mumbai court.
Beijing says the United States has failed to provide sufficient evidence to support its claims of security concerns for banning Chinese mobile applications TikTok and WeChat.
The US government should get a "substantial portion" of the sales price of the US operations of TikTok, said US President Donald Trump, warning he will ban the service in the country on September 15 without a sale.
TikTok's General Manager for the US, Vanessa Pappas has responded to President Donald Trump's threat to ban the app in the country, saying "we're not planning on going anywhere."
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