China Affirms Right to Approve Tech Deals as TikTok Sale Looms
- Ministry says new rules aren’t targeted at any company
- The assertion jeopardizes negotiations to buy TikTok U.S.
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China emphasized its right Thursday to approve or block the sale of technology abroad, confirming it will play a critical role in the sale of TikTok’s U.S. operations to suitors including Microsoft Corp. and Oracle Corp.