TikTok Ultimatum Paints Target on US Leaders Like Apple in China

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TikTok Ultimatum Paints Target on US Leaders Like Apple in China

(Bloomberg) -- Now that President Joe Biden has signed off on a law that could expel TikTok from the US market, Beijing must decide how best to retaliate over an attack on the world’s most-valuable start-up. The legislation approved on Wednesday would give Chinese parent company ByteDance Ltd. nearly a year to divest the video-sharing platform before facing an outright ban. At a daily briefing hours before, China’s Foreign Ministry directed repo…