FT News Briefing Why China wants Musk to save TikTok
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Jan 15, 2025 Saudi Aramco aims to invest more in lithium as it diversifies from oil. Elon Musk may play a crucial role in brokering TikTok's sale, reflecting the complex U.S.-China dynamics. KPMG is preparing to enter the U.S. legal services market, potentially shaking up the industry. Meanwhile, Syria is seeing a retail revolution with a flood of international brands, thanks to relaxed import controls, marking a significant economic shift.
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TikTok's Deadline and Musk's Potential Role
- TikTok's U.S. operations face a potential ban if not sold by Sunday.
- The Chinese government considers Elon Musk as a broker for the sale.
China's Involvement in TikTok
- The Chinese government's involvement in TikTok's sale discussions raises questions about the company's claimed independence.
- It suggests potential diplomatic concerns over the app's fate.
Why Musk as Broker?
- Musk's ownership of X (formerly Twitter), fundraising abilities, and interest in complex situations make him a potential broker.
- His warmer relationship with Beijing compared to others in the Trump administration also contributes.